SIMPLE IRA. Provide further incentive for your employees to stay when you match their salary deferrals or contribute to their accounts.

Employee contributions with a minimum of administration

Your employees want to enjoy the financial benefits of a company-sponsored retirement plan with pre-tax deferrals like a 401(k) plan, but you don't have a lot of time to devote to complex administrative requirements. One alternative to a traditional 401(k) plan to consider is a Savings and Incentive Match Plan for Employees (SIMPLE) IRA Plan. Sponsored by your business, a SIMPLE IRA Plan is funded by both employer and employee contributions to IRAs established for you and any eligible employees.

The SIMPLE IRA Plan was designed for businesses with 100 or fewer employees. Employees can make contributions through payroll deductions. You can make the required employer contributions any time up to your business tax return due date (including extensions) for the previous tax year.

SIMPLE IRA Plan benefits include:

• Employee contributions up to $10,500 for 2007, plus $2,500 additional catch up contributions for employees age 50 and over



• The flexibility either to reward only those employees who participate, or to reward all eligible employees



• Immediate vesting for you and your employees



• No additional annual tax filings



• Minimal paperwork to establish the plan



• No plan set-up fees