Give employees motivation to save
A small business Savings Incentive Match Plan for Employees Individual Retirement Account, or SIMPLE IRA, is a contribution-based retirement investment account designed specifically for small businesses with 100 or fewer employees.
Easy Set Up
Simple to set up and easy to maintain.
Make tax-deferred contributions through payroll deductions.
Choose between options to customize employer contributions.
Keep retirement plans simple
A SIMPLE IRA is best for businesses under 100 employees or self-employed individuals.
Easy and affordable
Match or set?
Employer contributions are based off a match or a set percentage.
Employee contributions are pre-tax and made through payroll deduction.
A variety of investment options are available, including CDs, mutual funds, stocks, bonds, annuities, Exchange Traded Funds (ETFs) and managed asset accounts.
Make the most of your plan
Adjust your employer contribution to pay a 2% fixed percentage or a match up to 3%.
Reduce business taxes with additional tax deductions and credits that may be available.
Easy to maintain
Save time and money with less paperwork and administration.
Not sure where to start? We'll help you find the path to a successful retirement today
View your financial plan at a glance
Adjust goals to see different scenario outcomes
Collaborate with your financial partner
Create a retirement package for your employees
Make sense of the markets
Grow your business
Your investments in securities, annuities and insurance are not insured by the FDIC or any other federal government agency and may lose value. They are not a deposit or other obligation of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amount invested. Past performance does not guarantee future results.
First Citizens Wealth Management is a registered trademark of First Citizens BancShares, Inc. First Citizens Wealth Management products and services are offered by First-Citizens Bank & Trust Company, Member FDIC; First Citizens Investor Services, Inc., Member FINRA and SIPC, an SEC-registered broker-dealer and investment advisor; and First Citizens Asset Management, Inc., an SEC-registered investment advisor.
Brokerage and investment advisory services are offered through First Citizens Investor Services, Inc., Member FINRA and SIPC. First Citizens Asset Management, Inc. provides investment advisory services.
Bank deposit products are offered by First Citizens Bank, Member FDIC.
This information is provided for educational purposes only and should not be relied on or interpreted as accounting, financial planning, investment, legal or tax advice. First Citizens Bank (or its affiliates) neither endorses nor guarantees this information, and encourages you to consult a professional for advice applicable to your specific situation.