Retirement Plans

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SIMPLE IRA

Self -Directed SIMPLE IRAs: Tax Advantages for You and an IRA for Your Employees

An Savings Incentive Match Plan for Employees (SIMPLE IRA) is an IRA-based plan that gives employers an easy way to make contributions toward their employees' and their own retirement. This type of plan is designed for small businesses with 100 employees or less.

With an Entrust self directed SIMPLE IRA, employees may choose to make salary reduction contributions while the employer makes a matching contribution of three percent each year or, alternatively, a non-elective contribution of two percent of compensation. All contributions are made directly to an Individual Retirement Account (IRA) that has been established for each employee (a SIMPLE IRA). Eventual distributions are taxed as ordinary income.

And, with an Entrust self directed SIMPLE IRA, you can invest your retirement funds in real estate, notes mortgages & more.  Earn tax-deferred retirement income with a self directed SIMPLE IRA from Entrust.

Keep in mind that the maximum compensation amount that can be used for calculating your contribution is $245,000 (2009/2010). 

Consider an Entrust self -directed SIMPLE IRA or real estate IRA if:

• You have a company with less than 100 employees.
• You are looking for a plan with low start-up and administrative costs.
• You want a plan that provides you and your employees with a simplified way to contribute toward retirement.
• You need to reduce business taxes.
• You want a plan that can help you attract and retain quality employees.
• You are looking for a plan that is easy to set up and run – Entrust handles most of the details.
• You want your employees to contribute through convenient payroll deductions.
• You would like flexibility in how much to contribute to the employees plan.
• You’re looking for a wider range of investment choices including stocks, bonds, and mutual funds to real estate, notes, LLCs and more.
  

SIMPLE IRA Contribution Limits and Catch Up Contributions

Funding Your Self-Directed IRA or Real Estate IRA - With a IRA Rollover, Transfer or Contribution

The most common technique to funding a self directed SIMPLE retirement plan is through making a contribution to your account. You may also roll over or transfer funds from an existing employer plan, such as a 401(k), a pension plan or another SIMPLE IRA. If your current retirement account does not allow self-direction, you may also transfer those funds to an Entrust self directed SIMPLE IRA so that you may choose your investments.

Read more about Entrust self-directed SIMPLE IRAs at the Entrust Learning Center.

Contact an Entrust professional in one of our to local offices to establish an Entrust self-directed SIMPLE IRA or open an account.