Design a retirement savings plan with a Savings Incentive Match Plan for Employees (SIMPLE) for your small business.

With a SIMPLE IRA plan, you and your employees will contribute to Individual Retirement Accounts (IRAs) set up for employees.*

How can a SIMPLE IRA benefit my business?

  • Set up with just a phone call to your bank
  • Pay low administrative fees
  • Use payroll deductions for tax-deferred employee contributions
  • Match participating employee contributions or contribute a fixed percentage of all eligible employees’ pay
  • Deduct contributions you make from your business expenses


Is a SIMPLE IRA right for my business? Yes, if you:

  • Employ 100 or fewer employees
  • Choose not to have any other retirement plan
  • Want an easy way to offer a tax-advantaged, company-sponsored retirement plan

Contact a business banking representative at (866) 236-8744 or stop by any location to get started.

Not sure which solution is right for your business? Take a few minutes to run through Business Analyzer today. We’ll ask a few simple questions about your business and provide recommendations just for you.

IRA Contact Us Form

Simply fill out the form below and we'll be in touch with you soon.

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Products and services offered by Central Trust Company are not insured by the FDIC, are not deposits of or guaranteed by any depository institution or affiliate bank and are subject to investment risks, including possible loss of principal amount invested. Insurance products are available through and underwritten by non-affiliated insurance companies.