A collection of individual IRAs with a participant-level advisor relationship.
Higher contribution limits — Participants can contribute more than with a traditional IRA, and employer contributions or matching are required.
Tax benefits — Employer contributions qualify as a tax-deductible business expense.
Affordable cost — A $10 one-time setup fee and an annual $10 fee, both per participant.
Flexible pricing — Class A and C shares for commissionable models and Class F-2 shares for fee-based models.
Easy plan design — No complex IRS reports to complete and no annual nondiscrimination testing required.
Quality investments — A wide range of 35+ American Funds, including the American Funds Target Date Retirement Series®.
A 401(k)-style experience with a plan-level advisor relationship. In addition to many of the same benefits as a SIMPLE IRA, SIMPLE IRA Plus offers:
Cost typically lower than 401(k) — A $25 one-time setup fee and an annual $25 fee, both per participant.
Institutional pricing — Choose from 401(k) plan share classes — commissionable R-3 and fee-based R-5E.
Easier plan administration — Online enrollment, plan-level reports, and online contributions can reduce the time spent managing the plan.
Qualified plan default option — Participants who don't make an investment selection can be defaulted into a qualified default investment alternative, such as a target date fund.
Investment menu customization — Help improve participant outcomes by choosing which American Funds to make available.
SIMPLE IRA Plus is a new product offered by Capital Group as of September 2019; availability varies by firm.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.