An Employee-Funded Solution

What is a Simple-IRA?
The savings Incentive Match Plan for Employees (SIMPLE) was introduced by a provision of the Small Business Job Protection Act of 1996 as a unique way for small business to provide a retirement plan for employees. This plan is primarily employee funded with matching contibution requirements *. It provides a low cost alternative for employers who cannot sponsor a 401K plan, but still want to offer a retirement program.

Easy Administration - The employer has very few administrative duties. There are no discrimination tests or Form 5500 reporting requirements.

Low Cost - The SIMPLE-IRA has very few administrative and recordkeeping costs. In fact, there is only a $10 per participant fee, which is paid by the employee.

Tax Advantage - All your contributions are 100% tax deductible.

Attract Valuable Employees - A SIMPLE-IRA is a excellent way to help you attract and retain valued employees.

It Makes Sense for Your Employees
A SIMPLE-IRA allows employees to be directly involved in contributing to their retirement savings, by allowing them to choose the vehicles they consider most suitable for their investment objectives. In addition, SIMPLE-IRA offers each employee the opportunity to:

Make pre-tax retirement contributions that are immediately 100% vested.

Defer up to $10,500 annually (and will be adjusted for inflation).

Stop deferrals at any time.

Have all earnings and capital gains compound tax-deferred.

Receive matching contributions made by the employer *.

* Employer has the option to match 1% in 2 out of 5 years, or make a 2% contribution for all eligible employees.

Ann Wolfson Associates
White House, 7030 E. Genesee St.
Fayetteville, NY 13066
315-449-4730
Email: wolfsoa1@ae.cadaretgrant.com
Securities offered through Cadaret Grant & Co. Inc. Member NASD/SIPC 4769 Buckley Road Liverpool, NY (315) 451-5885