SIMPLE IRA vs. 401(k)

October 28, 2019

Have Your Clients Outgrown Their SIMPLE IRA?

For small companies, a SIMPLE IRA can make sense as a retirement savings option for both the business owner and their employees. But as the company grows, a SIMPLE IRA might no longer be a fitting solution.
By understanding the key differences between the two plans, you can quickly identify if now is the right time to convert to a 401(k) plan.

Graphic highlighting the key differences a 401k plan allows for:
Higher Contributions
- Higher tax deductions
- More Plan Design
-Profit Sharing
Table comparing SIMPLE IRA and 401k
*Maximum contribution in 2019

Mariner Wealth Advisors (“MWA”), is an SEC registered investment adviser with its principal place of business in the State of Kansas. Registration of an investment adviser does not imply a certain level of skill or training. MWA is in compliance with the current notice filing requirements imposed upon registered investment advisers by those states in which MWA maintains clients. MWA may only transact business in those states in which it is notice filed or qualifies for an exemption or exclusion from notice filing requirements. Any subsequent, direct communication by MWA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For additional information about MWA, including fees and services, please contact MWA or refer to the Investment Adviser Public Disclosure website. Please read the disclosure statement carefully before you invest or send money.

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