Eligibility Businesses with fewer than 100 eligible employees without another retirement plan. Key Advantages Hassle-free payroll deductions Tax-deferred growth Wide range of investment choices No closing costs Funding/ Contributions Funded by employee salary deductions and employer contributions. Employees may contribute up to 100% of compensation annually $10,000 maximum in 2005. Employers may match employee contributions dollar-for-dollar at 3% of compensation up to $6,000, or contribute a flat 2% of compensation. Asset Access Withdrawals are available anytime, though tax penalties may apply if taken when the employee is under age 59½ or if the employee's SIMPLE IRA account has been open for less than two years. Vesting Employee and employer contributions are 100% vested immediately. Administrative Responsibilities No employer tax filings required for this plan.

The First American Funds advantage.
As an experienced retirement plan provider, we understand the importance of maximizing employee participation without requiring more from employers. Our comprehensive plan support includes:

		Enrollment forms
		Fund fact sheets and prospectuses
		Educational employee guides