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Printable Form 5304-SIMPLE San Diego California: What You Should Know

Qualified Plan and SIMPLE IRA. These Terms and Conditions may only be modified through the amendment or deletion of the Employer Notice (Form 5304-SIMPLE) provided in this section. Qualified Plan(s): The maximum benefit is 50 percent of the maximum allowable contribution for the year. Qualified Plan(s)(A): The maximum allowed contribution for the year is 10 percent of the maximum allowable contribution for the year, and all applicable fees are not more than 3 percent of the maximum allowable contribution for the year. Qualified Plan(s)(B): The maximum allowable contribution for the year is 5 percent of the maximum allowed contribution for the year, and all applicable fees are not more than 5 percent of the maximum allowable contribution for the year.

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