SIMPLE IRA Plan Features
 Funding Source Employee & Employer
 Maximum Employee Deferral

Under Age 50   

Age 50 or Older


$15,500 $19,000


$19,000 $19,500
 Employer Contribution (Mandatory) 3% Match Contribution*, or
2% Nonelective
 Plan Establishment Deadline October 1 (for current-year plan)
 Account Structure Participant-Controlled SIMPLE IRAs
 Additional Plan Features
( = not permitted)
Withdrawal Restrictions
Plan Loans
*3% matching contribution may be reduced to as low as 1%, but the reduced matching contribution option may only be used during two years out of any five-year period.