An alternative to traditional 401(k) plans, the SIMPLE IRA is a tax-advantaged retirement plan for small businesses with fewer than 100 employees.

Features & Benefits

  • Employee contributions are made on a pre-tax basis
  • Employers must either match a portion of the employee contributions or make a nondeductible contribution to all employees
  • Monies are invested tax-deferred until withdrawn
  • All contributions are immediately 100% vested

Who's Eligible?

  • Plans are established by an employer with no more than 100 employees. Check with your employer to see if you're eligible to participate
  • Employers offering a SIMPLE IRA are generally not allowed to offer any other retirement plan

Contribution Limits

     2013      2014
Under 50      $12,000      $12,000
Over 50      $14,500      $14,500

Ways to Get Started

We can help you choose the account that's best for you. Call today to schedule an appointment.


  • By phone
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  • Visit a Branch

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This material is meant to educate and not to provide legal, tax, accounting or investment advice. PNC and its vendors do not provide legal, tax or accounting advice. You should seek the advice of an investment professional to tailor a plan to your particular needs.

Important Investor Information: Brokerage and insurance products are:

Securities and brokerage services are provided by PNC Investments LLC, a registered broker-dealer and investment adviser and member FINRA, and SIPC. Annuities and other insurance products are offered by PNC Insurance Services LLC, a licensed insurance agency.

Bank deposit products and services provided by PNC Bank, National Association. Member FDIC.

PNC Investments LLC, PNC Insurance Services, LLC and PNC Bank, National Association are each affiliated with The PNC Financial Services Group, Inc.