WealthRabbit Support

Do I need to file Form 5500 for a SIMPLE IRA?

No. SIMPLE IRAs are entirely exempt from Form 5500 filing requirements.

With WealthRabbit's SIMPLE IRA solution, your financial institution handles the necessary reporting by filing Form 5498 on your behalf. As the employer, you simply report employee contributions on Form W-2. We've designed our platform to minimize your administrative workload so you can focus on what matters most.