simple IRA and frozen DB plan?

[AndyH]

How does the exclusive plan rule work? Is it an issue of no employee benefitting under 410(B)?

Can a company that sponsors a frozen, underfunded DB plan where nobody benefits under 410(B) maintain a simple IRA?

[mbozek]

SIMPLE plan contribution cannot be made in any year in which benefits are accrued or contributions made to a qualified plan, 403(B) annuity or SEP. IRC 408(p)

[AndyH]

Thank you.