- Maximum Service Requirement is any two previous years with minimum $5,000 compensation and current year expectation of $5,000 compensation.
- Employee is always 100% vested in (or, has ownership of) all SIMPLE IRA money
- Minimum to Open and Earn Interest: $500.00*
- Interest cycle is annually or at maturity
*Contribution Limits Apply
**MAGI (Modified Adjusted Gross Income) Limits Apply
Please consult a tax advisor for guidance and comprehensive information about IRA's and other tax-related issues.