If you own a small- to medium-sized company, consider adding the SIMPLE (Savings Investment Match Plan for Employees) IRA to your employee benefit portfolio.
Eligible employers include those who:
Eligible employees include those who:
The SIMPLE IRA provides flexible contribution options.
Employer contributions are tax deductible as a business expense.
Penalties are determined by the SIMPLE IRA owner’s age and the length of their participation in the plan at the time of distribution.
Penalties may be waived for a variety of circumstances, including death or disability, or to pay for college, a first-time home, medical costs or certain other expenses. Contact your BB&T Investment Services, Inc. Investment Counselor for more information.