SIMPLE IRA
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Set up a SIMPLE IRA plan
Employer forms
Use these forms to set up a Simple IRA plan, including a plan with Roth salary deferral contributions.
Complete the forms in the SIMPLE IRA Plan Sponsor Guide.Employee form
Use this form to enroll eligible employees into the plan.
Complete the form in the SIMPLE IRA Employee Guide..png/_jcr_content/renditions/cq5dam.web.1280.1280.png?ch_ck=1631577223000)
For eligibility, funding guidelines and other information about opening a SIMPLE IRA plan, refer to Opening SIMPLE IRAs.
Comparison brochure
Compare the benefits and key features of SIMPLE IRA and SIMPLE IRA Plus plans to determine which option is best for your client.
Review the Understand your SIMPLE IRA options brochure.
Enrollment meeting
Use the SIMPLE IRA enrollment video and follow these additional steps:
- Schedule the meeting, then allow a 60-day enrollment period
- Provide employees with the SIMPLE IRA Employee Guide and prospectuses
- Provide the SIMPLE IRA Salary Deferral Election forms to be returned to the employer
- Return the completed applications, which are found in the guide, to the plan sponsor. Do not return these to Capital Group.
These materials are also available to use:- Small steps can take you far enrollment guide
- Fund literature
Go to the SIMPLE IRA enrollment video.For an easy, step-by-step guide to setting up a SIMPLE IRA plan, visit Set up a SIMPLE IRA plan.
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Contact us
Have questions or need additional support?
Contact us 8:00 a.m. to 7:00 p.m. ET, Monday through Friday.
For financial professionals only. Not for use with the public.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
The guidelines and procedures provided in the Account Resource Center may not apply to networked accounts or accounts not directly held by American Funds. The guidelines and procedures provided also apply only to those retirement accounts or Coverdell ESAs invested in American Funds with Capital Bank and Trust Company (CB&T) as custodian. The guidelines and procedures provided in the Account Resource Center do not apply to plans held in our retirement plan solutions — PlanPremier, PlanPremier-TPA or RecordkeeperDirect. Information on the Account Resource Center may change periodically, and previously printed information may not be current. Please refer to capitalgroup.com for the most current information available.
Financial professionals should always contact their back office to determine if there are any restrictions on the use of American Funds products, tools, services, websites and literature.