It's simply one of the best decisions you'll ever make for yourself and your business. The SIMPLE IRA (Savings Incentive Match Plan for Employees) is designed for small businesses and the self-employed as an alternative to traditional 401(k) plans.
A number of advantages make the NYLIM SIMPLE IRA simply right for you and your employees. Employee salary deferrals are made on a pretax basis. And company contributions are generally tax deductible as a business expense. In addition, it's easy to submit payroll deductions with our payroll submission system--it simplifies everything for you.
It's an easy-to-use retirement program that is a valuable benefit to offer existing and new employees. The NYLIM SIMPLE IRA--it just might be the plan for you and your business.
