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Are my part-time employees allowed to participate in a simple IRA Plan?

IRA Simple IRA
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John Stancil
IRS rules require that all eligible employees participate. The rules state that any employee who received at least $5,000 in compensation from the employer during any two years prior to the current year, and reasonably expects to receive at least $5,000 in compensation during the current year, is eligible to participate in the employer’s SIMPLE plan. The employer may adopt lower income limits but not higher.
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