WealthRabbit Support

Can a new business start a SIMPLE IRA plan right away?

Yes, new businesses can establish a SIMPLE IRA plan as soon as they are legally formed and meet IRS eligibility rules. No minimum operating history is required to offer the plan. This makes SIMPLE IRAs an attractive option for startups and growing businesses seeking to offer retirement benefits early.

Starting a plan early can help attract talent, improve employee retention, and establish a culture of long-term financial wellness. WealthRabbit enables new businesses to quickly set up a plan through an online process that eliminates paperwork delays and simplifies onboarding.