SIMPLE IRA

Design a retirement savings plan with a Savings Incentive Match Plan for Employees (SIMPLE) for your small business.

With a SIMPLE IRA plan, you and your employees will contribute to Individual Retirement Accounts (IRAs) set up for employees.*

Contact a business banking representative at (573) 634-0888 or stop by any location for your one-on-one financial review.

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How can a SIMPLE IRA benefit my business?

  • Set up with just a phone call to your bank
  • Pay low administrative fees
  • Use payroll deductions for tax-deferred employee contributions
  • Match participating employee contributions or contribute a fixed percentage of all eligible employees’ pay
  • Deduct contributions you make from your business expenses

Is a SIMPLE IRA right for my business? Yes, if you:

  • Employ 100 or fewer employees
  • Choose not to have any other retirement plan
  • Want an easy way to offer a tax-advantaged, company-sponsored retirement plan

IRA Contact Us Form

Simply fill out the form below and we'll be in touch with you soon.

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In some cases, this service may consist of deposit and non-deposit products that may or may not be FDIC insured. Non-insured FDIC products are not considered a deposit of, obligation of, nor guaranteed by the bank, and are subject to investment risk including the possible loss of principal invested.