SIMPLE IRA -Exclusive Benefit Plan Rule

[Fisher]

My understanding of the exclusive benefit plan rule is that an employer can not maintain a SIMPLE if they maintain a quailfied paln in the same year for which contributions are made. I realize there are 2 exceptions: possiblity inion and non-union plans and in the event of an acquisition/merger.

Question I have is, does contributions to the qualified plan mean for ANY employee or, that contributions can not be made to both plans for ANY GIVEN eligible employee.

[ETA Consulting LLC]

Any employee is correct, with the exception of union (as you stated).

Good Luck!