SIMPLE IRA | SEP IRA | 403(b) | |
---|---|---|---|
May Be Suitable For | |||
|
|
|
|
Features | |||
|
|
|
|
Fees | |||
|
|
|
|
Funding | |||
|
|
|
|
Plan Contribution Limits | |||
|
|
|
|
Deadline to Set Up/ Contribute | |||
|
|
|
SIMPLE IRA plans must be established between January 1 and October 1 (a new employer that comes into existence after October 1 may establish a SIMPLE IRA as soon as administratively feasible after coming into existence).
Send copies of the completed SIMPLE IRA Employer Agreement, eContributions Services Application and New User Request form and all employee SIMPLE/SEP IRA applications to Franklin Templeton, along with instructions for allocating contributions to each participant account.
Employers should follow the steps below to set up Franklin Templeton SEP IRA plans. Plan must be adopted by the employer’s year-end and established by the employer’s tax-filing deadline plus extensions.
Send copies of the completed eContributions Services Application and New User Request form and all completed employee SIMPLE/SEP IRA applications to Franklin Templeton, along with instructions for allocating contributions to each participant account.
Send completed plan documents to Franklin Templeton at the applicable address below.
West Coast | East Coast |
---|---|
Regular Mail P.O. Box 997153 Sacramento, CA 95899-7153 |
Regular Mail P.O. Box 33033 St. Petersburg, FL 33733-8033 |
Overnight Mail 3344 Quality Drive Rancho Cordova, CA 95670-7313 |
Overnight Mail 100 Fountain Parkway St. Petersburg, FL 33716-1205 |
This communication is general in nature and provided for educational and informational purposes only. It should not be considered or relied upon as legal, tax or investment advice or an investment recommendation, or as a substitute for legal or tax counsel. Any investment products or services named herein are for illustrative purposes only, and should not be considered an offer to buy or sell, or an investment recommendation for, any specific security, strategy or investment product or service. As a financial professional, only you can provide your customers with personalized advice and investment recommendations tailored to their specific goals, individual situation, and risk tolerance.
Franklin Templeton does not provide legal or tax advice. Federal and state laws and regulations are complex and subject to change, which can materially impact results. Franklin Templeton Distributors, Inc. (FTDI) cannot guarantee that such information is accurate, complete or timely; and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information.
All investments involve risk, including possible loss of principal. Investing in a Franklin Templeton fund does not guarantee one's retirement income needs will be met.
Your clients should carefully consider a fund’s investment goals, risks, charges and expenses before investing. Download a prospectus, which contains this and other information. Your clients should read the prospectus carefully they invest or send money.