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Savings Incentive Match Plan for Employees (SIMPLE IRA) SIMPLE IRAs were created with the passing of the Small Business Job Protection Act of 1996. The SIMPLE is a plan for small employers (fewer than 100 eligible employees) that contain a salary-reduction and employer matching feature. A SIMPLE is a written agreement between an employer and an employee that allows an eligible employee to choose to reduce his or her eligible compensation by a certain percentage each pay period and have the employer contribute the salary reductions to a SIMPLE plan on behalf of the employee. In addition to salary deferral, employers MUST make a mandatory contribution. Employers can elect a matching percentage of an employee's salary or a flat percentage. The account is an IRA account that is negotiated by the employee.   Learn more
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After the close of the
transaction where TD AMERITRADE Online Holdings, Inc. purchased
Fiserv Trust Company, deposits of IAS accounts that remain with
Fiserv Trust Company will remain on deposit with and FDIC insured through:
Fiserv Trust Company, member FDIC INVESTMENT PRODUCTS - NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE |
Deposits of IAS accounts that moved
to Trust Industrial Bank after the close of the transaction where TD
AMERITRADE Online Holdings, Inc. purchased Fiserv Trust Company will
be on deposit with and FDIC insured through:
Trust Industrial Bank, member FDIC INVESTMENT PRODUCTS - NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE |