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Form 5304-SIMPLE Corona California: What You Should Know

Form 5304-SIMPLE for Your City Simple IRA Plan Amendment in Your City In September 2018, a company can elect to have an amendment to their SIMPLE plan for October 1, 2021, occur at any time and any time that year. They can do this through an electronic Amendment. Here are some of the requirements that companies may include: 1-The Plan to be amended must be on Form 5304-SIMPLE. 2-You must complete a Form 5304-SIMPLE for Your City. 3-Your employer should already have a SIMPLE plan. The Plan may be on its own, or it may be under an amendment. 4-You may make any changes that you wish as long as they do not exceed 3,000 of the current employee contributions and are not the same contribution that employees are already making to you.

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