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Attract talented employees while saving for your own retirement

A Savings Incentive Match Plan for Employees (SIMPLE) IRA is a plan for businesses with 100 or fewer employees. You make contributions for your employees, who can also contribute through salary deferrals.


Contribute significantly more than you could with a traditional IRAFootnote 2
Make fixed contributions that are generally tax deductible by the business Footnote 3
Help fund your employees and your own retirement with a cost-efficient plan
Options beyond State Mandated Programs to grow with your business
Don't Miss Out: Up to $1000 credit per employee for eligible employer contributions and qualified plan start-up tax credits.Footnote 3
setup fee (for accounts opened online)
annual administrative fees (for accounts opened online)
unlimited online stock and ETF tradesFootnote 1 Footnote *Other fees may apply

Bring value to your business without the extra fees

If you open your plan online, there are no setup fees or annual administrative fees, plus you get unlimited $0 online stock and ETF trades if you're investing with your Merrill Edge Self-Directed account.Footnote 1

Which retirement account is right for your business?

Compare the features of retirement accounts available at Merrill, find out which one works best for you, your business and any employees you may have.

What's a key difference between a SIMPLE IRA and a SEP IRA?

A SIMPLE IRA allows both the business owner and the employees to make contributions. With a SEP IRA, only business owners make contributions, both for themselves and for their employees.

Get started with a SIMPLE IRA in 3 easy steps


Decide how you want to invest

Manage your own investments or have Merrill investment professionals manage your portfolio for you, with the option to work with an advisor.

Open your account

It's easy to set up your account (any employees you have will set up their own accounts), and there are no program or administrative fees for accounts opened online.

Add funds

Quickly and easily fund accounts for you and your employees with Merrill E-Contribs for Small Business Retirement Accounts, a free platform.

Explore all plans available for small business

Get more details about small business retirement plans available at Merrill and find the one that works best for your needs.
Interested in getting more details on employer retirement plans?

Ready to get started?

Open an account with Merrill
If you have questions, contact a specialist at 855.667.9451

Frequently Asked Questions

Other fees may apply. Free and $0 means there is no commission charged for these trades. $0 option trades are subject to a $0.65 per-contract fee. Sales are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about Merrill pricing, visit our Pricing page.
Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge® Self-Directed brokerage account. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. $0 option trades are subject to a $0.65 per-contract fee. Other fees and restrictions may apply. Pricing is subject to change without advance notice.
Contribution and compensation limits are subject to a cost-of-living adjustment annually pursuant to the Internal Revenue Code. Contribution and compensation limits for subsequent years may vary.
Footnote 3 For more information, visit the Go to third-party website   IRS website.   popup

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Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.
Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary (PDF).

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp").
Merrill Lynch Life Agency Inc. (MLLA) is a licensed insurance agency and wholly owned subsidiary of BofA Corp.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity

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