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Simple IRAs

A solid retirement option for small business owners and employees

What is a Simple IRA?

Simple IRA stands for Savings Incentive Match Plan for Employees Individual Retirement Plan. It is a traditional type of IRA that offers business owners a way to carry retirement accounts. Unlike the SEP IRA, the Simple IRA allows for employee payroll deferrals. Employees can not make individual IRA contributions directly to the plan.

How does it work?

Employees can supply their personal retirement account through pretax contributions. Employers must have 100 or fewer employees and are required to make a contribution on the employee’s behalf.


  • Less paperwork and costs than a traditional 401K
  • Taxes are deferred until withdrawn
  • Flexible

Meet Your Advisor

Note: Distributions from Simple IRAs prior to age 59½ may be subject to a 10% IRS penalty.  Consult your tax advisor.  Neither Cetera Investment Services, nor any of its representatives may provide tax advice.

Contact a Community Brokerage & Investment Services financial advisor to get started today.

Securities and insurance products are offered through Cetera Investment Services LLC, member FINRA/SIPC. Advisory Services are offered through Cetera Investment Advisers LLC. Cetera is not affiliated with the financial institution where investment services are offered. Investments are: * Not FDIC/NCUSIF insured * May lose value * Not financial institution guaranteed * Not a deposit * Not insured by any federal government agency. Advisory services may only be offered by Investment Adviser Representatives. 

This site is published for residents of the United States only. Registered Representatives of Cetera Investment Services LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every advisor listed. For additional information please contact the advisor(s) listed on the site, visit the Cetera Investment Services LLC site at

Registered Branch Address 

631 Juliana Street, Parkersburg WV 26101

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