of employer contributions are immediately vested, meaning employees own the money as soon as it is deposited.
SIMPLE IRA
A SIMPLE IRA is a streamlined retirement plan for self-employed individuals and businesses with 100 or fewer employees. It allows employees to save through payroll deductions while requiring the employer to contribute. It is generally less expensive and easier to administer than a traditional 401(k).
Benefits and Features
- Available to self-employed individuals and businesses with 100 or fewer eligible employees
- Employees contribute directly from their pay
- Employers are required to contribute
- Contributions and investment earnings receive tax advantages
- No annual nondiscrimination testing
- Lower administrative requirements than many traditional retirement plans
Our Role
Global Advisers helps employers establish and manage the investment component of a SIMPLE IRA plan. Our services include:
- Helping the employer evaluate whether a SIMPLE IRA is appropriate
- Developing the plan’s investment strategy
- Selecting and managing investments
- Monitoring performance, risk, and expenses
- Rebalancing accounts when appropriate
- Assisting employers and employees with investment decisions
- Coordinating with the account custodian and other service providers
Global Advisers provides ongoing advice and professional investment management for the assets held within the plan.
- [1] Internal Revenue Service, “SIMPLE IRA Plan” and “Retirement Plans FAQs Regarding SIMPLE IRA Plans.” The IRS confirms the 100-employee eligibility limit, mandatory employer contributions, immediate vesting, and the general 3% matching option.
- [2] Transamerica Institute, New Frontiers: Employers and the Evolving Workforce Survey, April 2025. The survey found that 83% of workers agreed that retirement benefits would be a major factor in their final decision when job hunting.
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