WealthRabbit Support

Do I need to file Form 5500 for a SIMPLE IRA?

No, Employers offering a SIMPLE IRA do not need to file Form 5500. SIMPLE IRAs aren’t considered ERISA retirement plans in the same way that 401(k)s are, so they are completely exempt from the annual Form 5500 filing requirement.

With WealthRabbit's SIMPLE IRA solution, your financial institution handles the necessary reporting by filing Form 5498 on your behalf. As the employer, you simply report employee contributions on Form W-2. We've designed our platform to minimize your administrative workload so you can focus on what matters most.