SIMPLE IRA for a Part-Time Employee
I have a part-time employee working just about twenty hours per week and earning $16K to $20K per year. It appears that I would have to include her in a SIMPLE. Is there any way to exclude her?
I have a part-time employee working just about twenty hours per week and earning $16K to $20K per year. It appears that I would have to include her in a SIMPLE. Is there any way to exclude her?
Permalink Submitted by Alan - IRA critic on Fri, 2019-01-18 19:07
What does Article I of the 5304 or 5305 SIMPLE form indicate for employee eligibility waiting periods? You cannot exclude an employee who meets the requirements.