Dobber Posted April 2, 2020 Share Posted April 2, 2020 I am hoping someone can provide guidance on the following – I am aware there is separate simple IRA thread however I have not received any responses looking for much needed guidance Thank you in advance What options does the sponsor of SIMPLE plan have if they can''t afford to make the required employer contribution? It's my understanding unlike a SH 401(k) a SIMPLE contribution can't be reduced suspend mid-plan year. In addition, a simple can't be terminate mid year My suspicion is this situation will come up frequently due to the havoc COVID-19 is having on businesses; particularly small businesses. Thank you Link to comment Share on other sites More sharing options...
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