TaxBandits has partnered with The First Digital SIMPLE IRA Management Solution Secure your employees' future by offering them a cost-effective, easy-to-manage, less administrative retirement plan. Explore More Set Up a SIMPLE IRA Exclusive Benefits for TaxBandits Customers Free 30-Minute Consultation Free Onboarding and Setup Dedicated Customer Support Free 3-Month Subscription Exclusive for TaxBandits Customers: Free 3-Month Subscription and Free 30-Minute Consultation. Take me to WealthRabbit Are You Missing Out on Offering Retirement Benefits to Your Employees? Statistics show that 43% of small businesses choose not to offer retirement benefits due to high costs and administration complexities. A SIMPLE IRA can help you address this! This affordable and straightforward retirement plan not only secures your employees’ futures but also: Creates a Positive Work Environment Boosts Employee Retention Helps to Attract and Retain Top Talent Invest in your team and drive your business’s success— let WealthRabbit simplify retirement planning for you today. Talk to Our Experts What is a SIMPLE IRA? A SIMPLE IRA is specifically designed for small businesses with fewer than 100 employees who earned at least $5,000 in the previous year. These plans are easy to set up and are a popular choice among small businesses for the following reasons: Tax Benefits: Enjoy tax credits for providing retirement benefits, with the added advantage of tax-deductible contributions. Quick Setup and Minimal Administration: Set up a SIMPLE IRA with ease and manage contributions without hassle. Cost-Effective: Offer retirement benefits at a lower cost and enjoy flexible contribution options. No Filing Required: Simplify compliance and eliminate the need for annual IRS filings. Benefits For Employees: Tax-Deferred Growth: Contributions and earnings grow tax-deferred, with taxes applied only upon withdrawal. Flexible Contributions: Higher contribution limits allow employees to choose between matching contributions or a percentage of their pay. Talk to Our Experts Why do Retirement Benefits Matter for Small Businesses? Support Your Employees' Financial Well-Being Creates a Positive Work Environment Boosts Team Morale and Productivity Boosts Employee Retention Helps to Attract and Retain Top Talent Why Small Businesses Should Opt for SIMPLE IRA Easy Setup and Less Hassle Cost-Effective Retirement Plan Tax Benefits for both Employer and Employees No Complex Rules and IRS Filings Immediate Vesting for Employees Meet WealthRabbit: The First Digital SIMPLE IRA Management Solution Retirement planning doesn't have to be complicated. WealthRabbit streamlines the entire process, making SIMPLE IRA setup, management, and compliance effortless. No Paperwork: Everything Digital Set up your SIMPLE IRA plan effortlessly and without delays. Flexible Onboarding Options Self-onboard to set up your plan, or let our experts manage it. Multiple Investment Options Custom models built by one of the largest asset managers in the world. Hassle-Free Rollover Options Seamlessly transfer existing retirement funds into WealthRabbit. Automated Payroll Integrations Integrate your payroll to manage contributions effortlessly. Secure Portal for Your Employees Enable employees to monitor and manage their investments with ease. Intuitive & User-Friendly Dashboard Invite employees, manage and run contributions, and do everything in one place! Real-Time Insights Access Up-to-date reports for better decision-making. Dedicated Employee Portal Provide your employees with seamless access to their SIMPLE IRA on the go. Get Started Now Introducing WealthRabbit - The First Digital Platform for SIMPLE IRA Setting up and managing a SIMPLE IRA for small businesses doesn’t have to be complicated. WealthRabbit simplifies this by offering a fully digital platform that streamlines account setup, management, and compliance. With WealthRabbit, you can focus on growing your business, while we care for your retirement plan needs. Choose convenience, efficiency, and peace of mind—all in one place. Learn More WealthRabbit: Making Retirement Planning Simple for Every Professional. For Business Owners Simplify retirement planning, enhance employee retention, and strengthen your business culture. For Accounting Professionals Streamline your workflows to increase efficiency and deliver clients a hassle-free, tax-advantaged retirement solution tailored to their needs. For Advisors Provide your clients with an affordable, efficient retirement plan designed to secure long-term financial success. Already Offering a SIMPLE IRA or Other Plans Like 401(k) or SEP? Switch to WealthRabbit for simplified management, more features, and reduced complexity—because managing retirement plans should be easy! Switch to WealthRabbit Now Exclusive Benefits for TaxBandits Clients Enjoy the following benefits when you sign up with WealthRabbit. Free Onboarding and Setup Free 30-Minute Consultation Personalized Investment Insights Dedicated Customer Support Switch to WealthRabbit Now Set Up Your Employees’ SIMPLE IRA Accounts in Minutes! Create Account Setting up your WealthRabbit account is easy and 100% online. Watch Demo Invite Employees Invite your employees to join the SIMPLE IRA plan. Watch Demo Run Contributions Start managing Your employees' contributions with ease. Watch Demo Ready to take the leap with WealthRabbit? Get Started Now Helpful Resources What is a SIMPLE IRA? Get a clear understanding of SIMPLE IRAs and their requirements. SIMPLE IRA Contribution Limits Learn more about the SIMPLE IRA contributions for 2024. SIMPLE IRA vs 401(k) Know the major difference between the Simple IRA vs 401k plan. Attract and Retain Your Business’s Talent Smart Retirement Solutions to Help Your Business Thrive Get Started Now X X X