Get the up-to-date 5304 simple-2025 now

Filling out Form 5304-SIMPLE can be straightforward with the right guidance. This form allows employers to establish a SIMPLE IRA plan, enabling employees to make salary reduction contributions for retirement savings. Our platform simplifies the process, ensuring you can complete this essential document efficiently.

Follow the steps to complete your Form 5304-SIMPLE effortlessly.

1. Begin by signing up or logging into our platform. This will give you access to the editor where you can manage your documents.
2. Click ‘Get Form’ to open Form 5304-SIMPLE in the editor. You’ll see all sections clearly laid out for easy navigation.
3. In Article I, select either 'Full Eligibility' or 'Limited Eligibility' based on your employee criteria. Fill in any required compensation amounts as specified.
4. Proceed to Article II and complete the Salary Reduction Agreement section. Specify how much of an employee's salary will be reduced and ensure it aligns with IRS limits.
5. In Article III, indicate whether you will provide matching contributions or nonelective contributions, filling in any necessary blanks regarding percentages and amounts.
6. Finalize by completing Articles IV through VII, ensuring all information is accurate and reflects your SIMPLE IRA plan intentions.
7. Once completed, you can print, download, or share the form directly from our platform for free.

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