Guest Suanne Posted September 28, 2006 Report Share Posted September 28, 2006 What steps must be taken to terminate a SIMPLE IRA Plan? Does anyone have a sample notice to employees to notify of the SIMPLE IRA termination? Link to comment Share on other sites More sharing options...
Gary Lesser Posted October 10, 2006 Report Share Posted October 10, 2006 Notice to Employees re: Termination of Simple-IRA Plan Effective for the plan year ending on _______, the XYZ Simple IRA plan of ______________ will terminate. Thereafter, no further contributions will be made by the employer, nor accepted by the SIMPLE IRA trustee (custodian). Also provide a copy of the notice to the trustee (or custodian) so that they will know not to acccept any further contributions. That's it! Link to comment Share on other sites More sharing options...
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