Simple ER Contributions

[Guest Pete Joachim]

I know the law says you can only have one of the two prescribed types of ER cotnributions in a SIMPLE, but can you exceed the 3% match limit or the 2% nonelective limit if you want to?

Thanks

[Lame Duck]

No. 408(p)(2)(A)(iv) provides that "no contributions may be made other than the contributions described in clause (i) (deferrals) or (iii) (employer matching)."

[Guest Pete Joachim]

Thanks, that's what I figured, but didn't know if there was anything was out there challenging this point or adding more clarification.