Why Businesses Choose
SIMPLE IRAs
A SIMPLE IRA is an easy-to-manage retirement plan designed for small businesses: with lower costs, less paperwork, and built-in tax advantages.
Tax-deductible
contributions
Employer contributions are fully tax-deductible as a business expense.
Immediate
vesting
Employees own 100% of contributions from day one. No vesting schedules.
No complex rules
or IRS filings
No nondiscrimination testing. No Form 5500. Less paperwork than 401(k).
Simple
contribution structure
Choose a 3% match or a 2% contribution. No complicated formulas.
Your Retirement Plan
Could Be Free
Thanks to SECURE 2.0, many small businesses can offset most,
or even all, of their retirement plan costs.
Employer Contribution Credit
Dollar-for-dollar credit on employer contributions.
per employee
Military Spouse Credit
Additional credit for hiring military spouses.
per year
Startup Cost Credit
Covers up to 50% of setup costs for 3 years.
per year
Auto-Enrollment Credit
A flat $500/year credit for 3 years with auto-enrollment.
per year
We help you identify and claim every credit you’re eligible for.
Why Many Small Businesses
Choose SIMPLE IRAs Over 401(k)s
For most small businesses, a SIMPLE IRA delivers the core benefits of a 401(k), without the cost and complexity.
If you have fewer than 100 employees, a SIMPLE IRA is often the easiest and most cost-effective option.
*Based on $29/month + $4/employee. Example: 10 employees = $828/year,
20 employees = $1,308/year, 50 employees = $2,748/year
Simple Retirement Plans.
Smart Investment Options.
Offer your employees diversified, professionally managed portfolios from traditional allocations to crypto-inclusive options. All fully managed and automatically rebalanced.
Employees choose their portfolio - no extra work for you
Set Up Your SIMPLE IRA
in Minutes
No paperwork. No back-and-forth. Most plans are set up in under 15 minutes.
We Take Care of the Admin So You Don’t Have To
From setup to compliance, we handle the admin so your retirement plan runs automatically.
Fully digital setup
No paperwork. No back-and-forth. Set up your plan in minutes.
Reports & Tax Forms Handled
Automated tax forms and reports. No manual filing required.
Auto‑Compliance
We handle filings, contribution limits, and IRS requirements automatically.
Simple Employer Dashboard
Track contributions, employee enrollment, and reports all in one place.
No paperwork. No compliance headaches. No ongoing admin.
SECURE 2.0 Changes -
Already Built In
WealthRabbit automatically includes the latest SECURE 2.0 updates so your plan stays compliant without extra work.
Student Loan Matching
Match employee student loan payments with retirement contributions even if they’re not contributing yet.
Roth SIMPLE IRA Contributions
Employees can contribute after-tax for tax-free growth and withdrawals in retirement.
Enhanced Catch-Up (Ages 60–63)
Employees nearing retirement can contribute more, automatically tracked by WealthRabbit.
We track eligibility and apply these updates automatically. No extra work required.
SIMPLE IRA Setup Guides
Download simple guides to help you set up your plan, onboard employees, and stay on track. Not sure where to start? We’ve got you covered.
Employee Starter Kit
Help your employees understand their plan, enroll with confidence, and make the most of their retirement savings.
- What is a SIMPLE IRA?
- How enrollment works
- Understanding employer contributions
- Choosing investments
Employer Starter Kit
A step-by-step guide to setting up your plan, managing contributions, and staying compliant.
- Setup process & timeline
- Contribution requirements & tax credits
- Key compliance deadlines
- How to communicate with employees