Roth salary deferral contributions
Roth employee salary deferral contributions are a new optional plan feature. We recommend consulting your financial professional to determine whether this option is right for your plan. If you offer Roth salary deferral contributions for the 2025 plan year, you must amend your plan and notify employees by November 2, 2024. Refer to Amend a SIMPLE IRA Plus plan for more information.
Note: Employees will still have the ability to make pretax salary deferral contributions.
Increased catch-up limits apply to participants age 60-63
Effective January 1, 2025, the SECURE 2.0 Act allows increased catch-up contributions for participants age 60-63. These increased catch-up contribution limits and additional details are included in Section 4 of the Notification to Eligible Employees.
The 2025 sample disclosure documents are also emailed to plan sponsors prior to the beginning of the enrollment period.
Note: Plans with more than 25 employees (who received compensation of at least $5,000 in the preceding year) that will make 4% matching or 3% nonelective employer contributions should complete the Notification to Eligible Employees (4% matching or 3% nonelective employer contributions).*
* Higher deferral limits (110% of the limits that would otherwise apply) apply to smaller employers (those with no more than 25 employees who earned at least $5,000 in the prior year). Larger employers may voluntarily allow higher deferral limits but only if an increased employer contribution is made.
Make sure your plan contact information is up-to-date.
SIMPLE IRAs
Learn about eligibility, contributions, pricing, taxes and testing, administration and investment options.
SIMPLE IRA Plus
Find forms and resources to open, update or transact on a SIMPLE IRA Plus plan.
Amend a SIMPLE IRA Plus plan
Learn how to amend an existing plan due to changes to the company plan.