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Sterling Trust SIMPLE IRA Employer Kit (Sterling Trust is a division of Equity Trust Company) Rev. May 2009. SIMPLE IRA Employer Kit FORM: 1
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Sterling Trust Simple IRA is a retirement plan designed for small businesses with fewer than 100 employees.
Employers with eligible employees who want to provide a retirement savings plan can choose to set up a Sterling Trust Simple IRA.
To set up a Sterling Trust Simple IRA, employers must complete the necessary paperwork and ensure all eligible employees are enrolled in the plan.
The purpose of a Sterling Trust Simple IRA is to provide a retirement savings option for small business employees.
Information such as contributions to the plan, investment choices, and account balances must be reported on a Sterling Trust Simple IRA.
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