Felicia Posted February 24, 2000 Posted February 24, 2000 How are excess employer contributions removed from a SIMPLE IRA? Is there a time frame in which the contributions must be removed? Are earnings removed also? Cites would be helpful.
Guest RPSS Posted February 29, 2000 Posted February 29, 2000 If the earnings are removed, and the participant is under age 59 1/2 and still within the 2-year period, is this distribution subject to the 25% penalty?
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