Home SIMPLE IRA Plan setup Which employees are eligible to participate in my SIMPLE IRA plan?

Which employees are eligible to participate in my SIMPLE IRA plan?

Last updated on Nov 14, 2024

Employees who have earned at least $5,000 or more in compensation during any 2 preceding calendar years  (whether or not consecutive) and are expected to earn at least $5,000 this year are eligible to participate in the SIMPLE IRA plan.