A reminder on matching contributions for employers with SIMPLE IRA’s:  Matches must be on a participant’s annual salary, according to the IRS, even if the employee joins or leaves the plan midyear. So if a worker with a salary of $60,000 joins the plan on Oct. 1 and contributes $2,000 for the rest of the year, the plan’s matching pay-in is $1,800, 3% of $60,000 (most SIMPLEs have a 3% match). The matching contribution isn’t based on the $15,000 the employee was actually paid.  In addition, if the worker in this example only put in $1,500, the match would fall to $1,500.

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