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Use Form 5304-SIMPLE if you allow each plan participant to select the financial institution for receiving his or her SIMPLE IRA plan contributions. Use Form 5305-SIMPLE if you will deposit all SIMPLE IRA plan contributions at an employer-designated financial institution.
The general recommendation is at least 15% to your retirement accounts, but more is always better. The amount you ``should contribute is personal and depends on whether you want to spend more freely or save for an early/large retirement.
Transmittals provide a record of proof that not only tracks the flow of information between parties, but protects you from false claims that important documents werent received. The most common users of transmittals are: Project Managers to track the status and flow of project documents and deliverables.
Contributions by Check Charles Schwab Co., Inc. P.O. Box 628291 Orlando, FL 32862-8291 Charles Schwab Co., Inc.
Contribution Transmittal Form Use this form when making contributions to employee aka participant including business owner accounts. To allow for timely processing be sure to complete all requested information. Do not use this form to place trade instructions.