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- Match employee contributions dollar for dollar up to 3% of compensation to a $11,500 for 2009 and 2010 for investors under age 50, $14,000 for 2009 and 2010 for investors age 50 or over. (Can be reduced to as low as 1% in any two out of five years.)
- Equal 2% of each eligible employee's compensation up to $4,900 for 2009 and 2010.
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| Your SIMPLE–IRA account may buy or exchange any fund as long as the minimum initial and subsequent investment limits are met. To be eligible for ongoing SIMPLE–IRA salary deferrals or employer contributions, however, a fund must waive the investment minimums for SIMPLE–IRA customers. See a list of eligible Fidelity Funds and no load and no transaction fee funds from other well known fund companies. |
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| Before investing, consider the funds’ investment objectives, risks, charges and expenses applicable to a continued investment in the fund. Contact Fidelity for a prospectus containing this information. Read it carefully. |
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| For copies of your Plan Adoption Agreement or additional Summary Descriptions, please call a Retirement Representative at 800-544-5373. The Summary Description is mailed to plans annually in September. Plan level reports are sent on a monthly basis to every SIMPLE–IRA Plan. The report includes a total of all salary deferral and employer contributions made for the period, is broken out by participants, and includes a participant level breakout of contributions. |
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| Generally speaking, you are eligible for a SIMPLE–IRA as long as your business has fewer than 100 employees earning $5,000 or more in the preceding year. As you grow, other retirement plans may become more appropriate. Please contact a Fidelity Retirement Representativeat 800-544-5373 for more information. |
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| PlanManager® is an online tool for administration of plan contributions at simple.fidelity.com. Fidelity PlanManager is a web site designed to make SIMPLE–IRA plan administration fast and easy. It enables you to make employee allocations quickly and accurately. |
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| An employer can process Salary Deferral contributions, process matching or non-elective contributions, and pay the annual SIMPLE administration fee online. Get more information about PlanManager or contact a Retirement Representative at 800-544-5373 between 8 a.m. and 8 p.m. ET seven days a week. |
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| Electronic contributions and online allocations are a fast and easy way to manage your SIMPLE–IRA plan. PlanManager is available online 24 hours a day, seven days a week. It helps insure accurate processing and keeps plan administrative costs low, and it makes recordkeeping easier by storing historical plan information, such as YTD contributions. |
| *There is a maintenance period where some services may not be available. |
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| You need to notify Fidelity in writing that you have changed your bank. Once the information has been updated at both institutions - this may take up to 10 business days - you will receive notification of the date your changes will become effective and you can resume using PlanManager. Your funding account number will remain the same. |
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| If you have logged in incorrectly three times, your PlanManager account will be blocked as a security precaution. Contact a Retirement Representative at 800-544-5373. |
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| Yes. There is an option on PlanManager's contribution year screen, to pre-enter previous contribution amounts. You can update this option if the amounts change. |
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| Contact a Retirement Representative at 800-544-5373 between 8 a.m. and 8 p.m. ET seven days a week if you need to change a contribution after it has been processed. |
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| If you recently entered a contribution that has not yet been processed and try to enter a conflicting contribution, you will be alerted that your current order will override, or delete, your previous entry. Unless you intend to replace the earlier contribution, you must wait until your previous entry has been processed. |
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