SIMPLE IRA Match

[commishvp]

A client has a Simple IRA and they are doing the 3% match. A participant contributes 10% for the first six months of the year and $0 for the last half of the year. Does the client have to make a match of 3% of full year comp or just on the six months of participation? The plan document does not specify if the match is payroll by payroll or annual. I am used to 401(k) plans that always specify the computation period.

Thanks!

[Appleby]

Full year’s compensation

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