This notice and the attached Summary Description provide you Fidelity supports 128-bit browser encryption. Usage of Fidelity's online trading services constitutes agreement of the Electronic Services Customer Agreement and License Agreement. Fidelity supports 128-bit browser encryption. If you set up your SIMPLE IRA plan using either Form 5304-SIMPLE or Form 5305-SIMPLE, you can give each employee a copy of the signed forms to satisfy the notification requirement. Usage of Fidelity's online trading services constitutes agreement of the Electronic Services Customer Agreement and License Agreement. SIMPLE IRAs are limited to businesses with 100 employees or fewer. Usage of Fidelity's online trading services constitutes agreement of the Electronic Services Customer Agreement and License Agreement. If you are a small-business owner and do not currently offer your employees a retirement savings plan, the SIMPLE IRA's flexibility can help you achieve several important goals. Logon. 449145.11.0 Fidelity Brokerage Services LLC, Member NYSE, SIPC SIRA-PNFRM-0811 1.849611.105 Dear Employees: You are eligible to participate in the SIMPLE-IRA plan our company offers. The electronic contribution service eliminates the need to write checks to your retirement plan and can reduce errors. It is a violation of law in some jurisdictions to falsely identify yourself in an email. Select Yes if you have a brokerage, IRA, 401(k), or other Fidelity account. 528347.4.2 If you are a small-business owner, you may want to consider a retirement savings plan known as a SIMPLE IRA. The CARES Act established some special tax rules for qualifying coronavirus distributions taken in 2020. The following funds are eligible investments for SIMPLE IRAs. SIMPLE IRA Fidelity's Savings Investment Match Plan for Employees (SIMPLE IRA) makes it easier for self-employed individuals and small businesses with 100 … | Privacy Please speak with your tax advisor regarding the impact of this change on future RMDs. The information herein is general in nature and should not be considered legal or tax advice. Available for PC, iOS and Android. Fidelity Investments retirement account annual, maintenance, inactivity, and termination charges schedule. Usage of Fidelity's online trading services constitutes agreement of the Electronic Services Customer Agreement and License Agreement. SEP IRAs, SIMPLE IRAs, 401(k) plans, and more. Fidelity Brokerage Services LLC, Member NYSE, SIPC. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Fidelity will charge a short-term trading fee each time you sell or exchange shares of FundsNetwork No Transaction Fee (NTF) funds held less than 180 days (short-term trade). Each year, employees can choose how much of their salary they would like to contribute to their accounts. The basic rules governing withdrawals and rollovers for SIMPLE IRAs are as follows: The CARES act temporarily waives required minimum distributions (RMDs) for all types of retirement plans (including IRAs, 401(k)s, 403(b)s, 457(b)s, and inherited IRA plans) for calendar year 2020. Small business retirement plans from Fidelity. Usage of Fidelity's online trading services constitutes agreement of the Electronic Services Customer Agreement and License Agreement. Fidelity supports 128-bit browser encryption. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Fidelity supports 128-bit browser encryption. SIMPLE IRA This plan offers tax deferral plus pretax contributions for self-employed individuals and participants in small businesses with fewer than 100 employees. Fidelity Brokerage Services LLC, Member NYSE, SIPC. 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