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Terminating a SIMPLE IRA Plan


Guest Suanne
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  • 2 weeks later...

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!

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