Two Barrels provides an optional Simple IRA plan managed by Fidelity and makes matching contributions of up to 3% of an employee’s annual compensation. Employees can enroll on their first day and take advantage of the Simple IRA’s tax-deferred growth potential with pretax contributions. The plan offers employees self-directed investment options, including a wide range of mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs. Fidelity also offers its support and guidance to help you choose your investments wisely and create a long-term plan.
Some perks about Simple IRA plans:
- Employer contributions vest immediately. No vesting period means you have 100% ownership of all the money in your Simple IRA.
- Individuals can contribute to other retirements savings plans at the same time. Handy if for example, you also want to contribute to a traditional or Roth IRA.
- Your investment choices are endless. You aren’t limited to whatever mutual funds your 401(k) plan provider chooses. You can invest your money in gold if you really wanted to…