Guest SPollock Posted July 21, 2000 Report Share Posted July 21, 2000 Can a nonprofit (501©(3)) organization set-up and maintain a SIMPLE IRA plan? Can they do a SIMPLE 401(k) Plan? I am pretty sure than can set-up a Standard 401(k) Plan and a Safe-Harbor 401(k), but I am not positive? I appreciate the help! Link to comment Share on other sites More sharing options...
Bill Berke Posted July 28, 2000 Report Share Posted July 28, 2000 401(k)(4)(B)(i) says tax-exempts can have 401(k) plan. 401(k) (11)(D)(i) refers to 408(p) in which you find (p)(2)©(i) which says any employer can have SIMPLE if no more than 100 employees had more than $5,000 of comp. Thus, I think a not-for-profit company can have 401(k) SIMPLE or IRA SIMPLE. Link to comment Share on other sites More sharing options...
Gary Lesser Posted August 29, 2000 Report Share Posted August 29, 2000 Yes, a SIMPLE IRA may be established by a tax-exempt employer. [Notice 98-4, B-4] Link to comment Share on other sites More sharing options...
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