The Payroll Deduction IRA is probably the simplest retirement arrangement that a business can have. In fact, no plan document need be adopted under this arrangement.
The employer has no filing requirements.
Only employees make the contributions.
Any size business can provide this.
A Payroll Deduction IRA has a life cycle, with four distinct stages through which the plan evolves. The following articles offer a basic understanding of the life cycle of a Payroll Deduction IRA.
