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IRS Form 5304 SIMPLE (attach to IRS Form 5304 SIMPLE) ARTICLE VI Procedures for Withdrawal State Farm Mutual Funds SIMPLE Individual Retirement Account 1. Withdrawals The Employee (or beneficiary
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IRS Form 5304-SIMPLE is a form used for an employer to establish a Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA plan.
Employers with 100 or fewer employees who want to establish a SIMPLE IRA plan are required to file IRS Form 5304-SIMPLE.
To fill out IRS Form 5304-SIMPLE, the employer must provide information about the SIMPLE IRA plan they are establishing and any participating employees.
The purpose of IRS Form 5304-SIMPLE is to establish a SIMPLE IRA plan for employees of small employers to encourage retirement savings.
Information about the employer, the SIMPLE IRA plan, and participating employees must be reported on IRS Form 5304-SIMPLE.
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