WealthRabbit Support

Can nonprofits or tax-exempt organizations offer SIMPLE IRAs?

Yes. Many nonprofit and tax-exempt organizations are eligible to offer SIMPLE IRA plans. As long as the organization meets the IRS employee count and compensation requirements, it can establish and maintain a SIMPLE IRA plan just like a for-profit business.

Nonprofits often choose SIMPLE IRA plans because of their low administrative burden and straightforward compliance requirements. WealthRabbit supports eligible nonprofits by providing tools for plan setup, employee management, and ongoing administration in a wholly digital format.