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A SIMPLE IRA is an easy and low-cost way to set up a retirement program for you and up to 100 employees. Eligible employees can fund their own accounts through regular salary deferrals, and you make additional contributions.

What are the fees and minimums?

  • $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply1.
  • Account minimum: $0
  • Commissions: $4.95 per online trade2 $0 per Schwab ETF online trade in your Schwab account3 

There are no fees to open or maintain your account.  Other fees may apply; please see Account Pricing.

What do I get with the SIMPLE IRA?

  • 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
  • Employer-matched contributions of up to 3% of annual compensation
  • Business expense deductions for employee contributions
  • Tax-deferred earnings
  • Easy administration with no tax filing
  • Retirement planning tools and resources
  • 24/7 service and support

Take the next step.

Open a Schwab SIMPLE IRA today.

Get detailed instructions above in Establish Your Plan.

Or, call  800-435-4000 to speak with a Schwab investment professional.

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