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SIMPLE PLAN
(Savings Incentive Match Plan for Employees 408P)

A SIMPLE I.R.A. Plan is a savings option package best suited for employers with less than 100 employees. It involves a type of I.R.A.   
 referred to as The SIMPLE I.R.A. plan  which allows employees to contribute a percentage of their salary each paycheck and also requires employer contributions.
Under SIMPLE IRA plans employers can set aside up to 12,000 in 2013 and if participants are aged 50 or older $14,500 by utilizing the catch -up provision.
Employers must either match employees contributions dollar for dollar ( up to 3% of an employees compensation) or make a fixed contribution for all eligible employees. 
Call The401Kman toll free at 877-775-0812  to find out how easily this type of plan or a better suited one could help your organization, or click on our contact tab to the right to submit your question or request a call at a time of your convenience through our appointment calendar.
For more information and guidelines we have provided this link to the Internal Revenue Service which has all the details to the most commonly asked questions regarding a 408p http://www.irs.gov/retirement/article/0,,id=111420,00.html#1 
All information provided throughout this website and distributed is educational in nature and not intended to serve as estate, financial, retirement planning or investment advice for individualized purposes. All investments can have the potential risk of losses and require due diligence before investing. It is recommended to have the consultation and guidance of a professional licensed adviser one on one to review each individuals circumstances prior to changing or embarking on any investment course.
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