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Simple IRA
This plan allows your employees to fund their own retirement through payroll deductions into their own individual IRAs. That means you, the employer, don't have the burden of the fiduciary responsibility of deciding where and how to invest the money. A Simple IRA can be a smart solution for businesses with fewer than 100 employees.
- Requires very little administrative time.
- No annual reporting requirements.
- Ideal for corporations, partnerships or sole proprietors.
- Company contributions may be tax deductible.
For more information about OceanFirst Business Accounts and Services, Online Banking and Bill Pay, or any other OceanFirst products and services, please e-mail us your questions, visit any OceanFirst branch or call 1-888-OCEAN33.
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