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.

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.