SEP and SIMPLE IRA Documents

SEP and SIMPLE IRA plans allow an employer to offer a retirement plan without the complexity and expense of a 401(k) plan.

SEP Documents

SEP Plan Agreement (SEP-ERC)
An employer can use the SEP-ERC to establish a SEP plan for a business. The SEP-ERC includes Form 5305-SEP, Instructions for the Employer, and Information for the Employee. Eligible employees must establish traditional IRAs using Forms 5305 or 5305-A, available as Organizers.

SIMPLE IRA Employer Documents (SIMPLE-5304, SIMPLE-5305)
An employer can use Form SIMPLE-5304 or Form SIMPLE-5305 to establish a Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA plan for the business. Together with the Model Notifications to Eligible Employees, Model Salary Reduction Agreements, Article VI Procedures for Withdrawal, and Election to Transfer Without Cost or Penalty forms, a business owner will have the documents necessary to establish and operate a plan. Eligible employees must establish SIMPLE IRAs using either Form 5305-S or Form 5305-SA, available as Organizers.

SIMPLE IRA Organizers (IRA-SIMPLE-C, IRA-SIMPLE-T)
This form helps you save time and money by combining several forms into one easy-to-use document. The SIMPLE IRA Organizer is available for custodial accounts and trust accounts. It helps you collect necessary information about your SIMPLE IRA owner and supplies the IRS model Form 5305-S or Form 5305-SA to officially establish the SIMPLE IRA. The Organizer includes an application, required disclosure statements, and financial projections, and helps document your SIMPLE IRA owners’ beneficiary designations and accept the initial contribution.

Other SEP Documents Include:

• SEP Eligibility Work Sheet (SEP-11)
• SEP Employee IRA Information (SEP-3)
• SEP IRA Contribution Notification (SEP-4)
• SEP Employee Contributions Record (SEP-5)
• SEP Notification of Excess SEP Contributions (SEP-8)
• SEP Employer Booklet (SEP-BKLT)

SIMPLE IRA Documents

SIMPLE IRA Employer Documents (SIMPLE-5304, SIMPLE-5305)
An employer can use Form SIMPLE-5304 or Form SIMPLE-5305 to establish a Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA plan for the business. Together with the Model Notifications to Eligible Employees, Model Salary Reduction
Agreements, Article VI Procedures for Withdrawal, and Election to Transfer Without Cost or Penalty forms, a business owner will have the documents necessary to establish and operate a plan. Eligible employees must establish SIMPLE IRAs using either Form 5305-S or Form 5305-SA, available as Organizers.

SIMPLE IRA Organizers (IRA-SIMPLE-C, IRA-SIMPLE-T)
This form helps you save time and money by combining several forms into one easy-to-use document. The SIMPLE IRA Organizer is available for traditional custodial accounts and trust accounts. It helps you collect necessary information about your SIMPLE IRA owner and supplies the IRS model Form 5305-S or Form 5305-SA to officially establish the SIMPLE IRA. The Organizer includes an application, required disclosure statements, and financial projections, and helps you document your SIMPLE IRA owners’ beneficiary designations and accept the initial contribution.

Other SIMPLE IRA Documents Include:

• Model Salary Reduction Agreements (SIMPLE-SRA, SIMPLE-SRAZ)
• Election to Transfer Without Cost or Penalty (SIMPLE-E)
• Model Notifications to Eligible Employees (SIMPLE-MN, SIMPLE-MN2)
• Article VI Procedures for Withdrawal (SIMPLE-PFW, SIMPLE-PFW2)
• SIMPLE IRA Designation or Change of Beneficiary (SIMPLE-CNG)
• SIMPLE IRA Contribution Receipt (IRA-CONTSMPL)
• Request for Transfer to a SIMPLE IRA (IRA-TRANSMPL)
• SIMPLE IRA Contribution Receipt (IRA-CONTSMPL)
• SIMPLE IRA Designation or Change of Beneficiary Form (SIMPLE-CNG)

If interested in more information on our SEP and Simple IRA Documents or purchasing, please complete our Request More Information Form or use our IRA Document Order Form.