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SIMPLE IRA

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A Savings Investment Match Plan for Employees (SIMPLE IRA) is an easy and low-cost way to set up a retirement program for self-employed individuals and small businesses with 100 or fewer employees. Eligible employees can fund their own Simple IRA accounts through regular salary deferrals and Employers make additional contributions.

What are the benefits of a SIMPLE IRA?

For Employers:

  • A way to contribute to your own retirement easily and regularly, and help your employees contribute to theirs
  • A low-cost plan funded mainly by employees
  • Business expense deductions for employee contributions
  • Easy administration with no tax filing
  • Retirement planning tools and resources
  • 24/7 service and support.

For Participants

  • Employer-matched contributions of up to 3% of annual compensation
  • Tax-deferred earnings
  • Pre-tax contributions for participants

Take the Next Step


Employers -
Establish Your Simple IRA Plan today.

Get detailed instructions above in the
"Employers - Establish Your Plan" tab

Call  800-435-4000 

Participants/Employees –
Open a SIMPLE IRA Account

If your Employer has already established a Schwab SIMPLE Plan, you can apply for your SIMPLE IRA Account.

You will be required to provide your Employer’s SIMPLE IRA Group ID during the Account Open process.

Get detailed instructions above in the "Participants - Enroll in Your Employer Plan" tab


Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can obtain a prospectus by visiting www.schwabetfs.com. Please read the prospectus carefully before investing.