Jump to content

401(k) Plan and SIMPLE IRA


Vlad401k

Recommended Posts

We have an employer who owns 2 companies:

 

1) Company A: has employees. Currently has a 401(k) plan.

2) Company B: has no other employees besides the owner. Currently has no plan.

 

Can the owner set up a SIMPLE IRA for company B? Based on my research, it seems like it's not possible, but wanted to make sure.

 

Thanks,

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...