TD Ameritrade

Our thoughts are with those impacted by the California Wildfires

If you need help, or to find out whether your local branch is open, please call us anytime at 800-669-3900. If you’d like to lend a hand, please donate to the American Red Cross at our TD Ameritrade Disaster Relief Donation site.

Get in touch

Call, email 24/7 or visit a branch

  • Call us: 800-454-9272
  • Email us

Trade commission–free for 60 days

+ get up to $600*

See details


SIMPLE IRA plans for employees with an employer match option

A SIMPLE IRA is a retirement plan for small businesses that offers your employees a salary-deferral contribution feature along with a matching employer contribution. Consider a SIMPLE IRA if your small business has steady income and your employees want to make contributions to a retirement plan.

When you choose to invest for the future at TD Ameritrade, you will not be charged administrative or account maintenance fees.** You also get access to a breadth of investment choices, and guidance from our team of Investment and Financial Consultants.

Speak with a Financial Consultant to get started today at 800.472.0586.

Open and fund an IRA and get up to $600.

Open new account

Best For:

  • Small business owners with up to 100 employees 

Tax Benefits:

Because this match plan allows for both employer and employee contributions, take advantage of the following benefits:

  • tax deductible contributions as the employer
  • pre-tax contributions as the employee
  • tax-deferred growth potential on contributions

Employee Contribution Limits:

  • Up to $12,500 in salary deferrals ($15,500 for those 50+)

Employer Contribution Limits:

  • Match employee contributions up to 3% (can reduce to 1% in any two out of five years) OR contribute 2% of employee’s compensation (even if employee is not making deferral contributions)

Date Account Must Be Opened By:

  • Establish plan and notify employees by October 1 of the current tax year

Funding Deadline:

  • The employer contribution (match or non-elective) must be made by the employer’s tax return date plus extensions (Tax return due date generally: April 15. Extension due date generally: October 15)

Administrative Responsibilities:

  • Employee notification of plan setup
  • Employer must complete and retain Form 5305-SIMPLE or other plan documents in their records. Employees should receive a copy
  • No plan tax filings with the IRS


  • Minimum required distributions start at age 70½
  • 10% early withdrawal penalty (25% for first two years of plan participation) if under age 59½ (exceptions may apply)

Further Details:

  • Please refer to the IRS page on SIMPLE IRAs for additional details

Check the background of TD Ameritrade on FINRA's BrokerCheck