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 plan for more information.
Note: Employees will still have the ability to make pretax salary deferral contributions. Participants who elect to make Roth salary deferral contributions will need two accounts: a SIMPLE IRA (for pretax employer contributions) and a Roth SIMPLE IRA (for Roth salary deferral contributions). All contributions must be remitted online.
Increased catch-up limits apply to participants ages 60-63
Effective January 1, 2025, the SECURE 2.0 Act allows increased catch-up contributions for participants ages 60-63. These increased catch-up contribution limits and additional details are included in Section 4 of the Notification to Eligible Employees.
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 forms and resources
Find the forms and resources necessary to open, update or transact on a SIMPLE IRA plan.
Online Group Investments website user guide
Help plan sponsors learn how to use the many time-saving tools available at the Online Group Investments website with this guide.
Amend a SIMPLE IRA plan
Learn how to amend an existing plan due to changes to the plan.