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SIMPLE IRA: Getting Started

Follow these step-by-step instructions to set up your company’s Savings Investment Match Plans for Employees (SIMPLE IRA), or call us at 800-544-5373 and select option 3 for guidance throughout the entire process.

  1. Print, read, and retain copies of the following documents:
  2. Print, complete, and sign the following documents:
  3. Mail the completed originals from Step 2 to:
    Fidelity Investments
    PO Box 770001
    Cincinnati, OH 45277-0038
  4. Keep copies of all forms and documents for your company's plan records.
  5. Once you have opened your SIMPLE IRA Plan, the next step is to set up electronic funding for the plan. You have two options:

    Option 1: Use Fidelity's Electronic Funding Service, which is available through our Plan Manager site:

    Print and review the Using Plan Manager (PDF) guide, then go to Plan Manager to set up electronic funding.

    Option 2: Use your external bank or payroll vendor to fund your plan electronically:

    Print, review, and provide your bank or payroll vendor with a copy of the Important Information about Your Fidelity SIMPLE IRA Plan (PDF).

  6. Once you have established the funding for your SIMPLE IRA Plan, you are ready to enroll your employees.
  1. Download, print, customize, and distribute to all eligible employees:
  2. Have every participating employee print and review the SIMPLE IRA Employee Enrollment Brochure (PDF)
  3. Have every participating employee read, complete, and sign a SIMPLE IRA Application to establish their SIMPLE IRA accounts.
  4. Mail the completed, original forms (not copies) from Step 3 to:

    Fidelity Investments
    PO Box 770001
    Cincinnati, OH 45277-0038

  5. Have every participating employee complete a Salary Reduction Agreement (PDF) and forward the completed agreement to your payroll vendor.

If you have any questions, call 800-544-5373, option 3, to to speak with a Fidelity small-business retirement specialist.

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