Convert your SIMPLE IRA into a 401(k)
Do you or your clients have a SIMPLE IRA? You may be able to benefit from starting a 401(k) plan! There are several benefits to replacing your SIMPLE IRA, but Employers must notify employees before November 2, 2022 that their SIMPLE IRA will be replaced with a 401(k) plan (effective 1/1/2023). Here are some of the key differences.