Business Retirement Services / Business SIMPLE IRA

Business SIMPLE IRA

Ideal for small businesses, SIMPLE (Savings Incentive Match Plan for Employees) IRAs (Individual Retirement Accounts) are a straightforward and affordable way for employers and employees to make contributions to a retirement account without a lot of administrative oversight and fees. Like a Traditional IRA, these plans are tax-deferred.

Elgibility Requirements

SIMPLE IRAs can be established by employees:

  • of companies with 100 or fewer eligible employees
  • of companies that offer no other retirement plan
Contribution Limits

Employees participating in a SIMPLE IRA plan can defer up to $16,500 in 2025. For those 50 and older, the catch-up contribution limit is $3,500. For those 60 to 63, the catch-up contribution limit is $5,250.

Getting Started

To start a SIMPLE IRA, please call a Frost Wealth Advisor at (888) 268-9202 or send us a secure message and we’ll contact you.