SIMPLE IRA. A SIMPLE IRA is an individual retirement account described in section 408(a), or an individual retirement annuity described in section 408(b), to which the only contributions that can be made are contributions under a SIMPLE IRA plan and rollovers or transfers from another SIMPLE IRA.
Appears in 4 contracts
Sources: Simple Ira Employer Agreement, Simple Ira Adoption Agreement, Simple Ira Employer Agreement