2026 SIMPLE IRA Plus sample disclosure documents

The 2026 sample disclosure documents are also emailed to plan sponsors prior to the beginning of the enrollment period.

• Fee and Fund Disclosure. This document contains information specific to your plan, including fees, available investment options and default investment information. If the information has not changed, you may use the most recent prefilled version provided by Capital Bank and Trust Company. Otherwise, complete the information within the sample before distributing it. To make any adjustments to your plan, complete and submit the SIMPLE IRA Plus Change of Funds or Share Class form and/or SIMPLE IRA Plus Financial Professional or Fee Change Request.
   

• Notification to Eligible Employees.* This document informs employees of their eligibility to participate in the plan, specifies the salary deferral contribution type(s) (pretax only or pretax and Roth) and limits allowed by the plan and announces the type of employer contribution you will make for the next plan year. Complete this document before distributing it to eligible employees.

Note: Higher salary deferral limits apply to smaller employers (those with no more than 25 employees who earned at least $5,000 in the prior year). Larger employers (those with more than 25 employees who earned at least $5,000 in the prior year) may voluntarily allow higher salary deferral limits but only if increased employer contributions are made. If you are a larger employer interested in offering higher limits, use this modified version of the Notification to Eligible Employees (4% matching or 3% nonelective employer contributions).

• Summary Plan Description. This document covers the plan’s provisions, including eligibility requirements. Complete this document before distributing it to eligible employees.
  • Plan Information: Provide the name of the company, address, employer identification number and employer contact.
  • Eligibility Requirements: Complete if applicable. Refer to Section 3 of your plan’s Adoption Agreement if necessary.

Adding Roth salary deferral contributions

For plans that do not currently offer Roth salary deferral contributions: If you want to add this option for the 2026 plan year, you must amend your plan and notify employees by November 2, 2025.

We recommend consulting your financial professional to determine whether this option is right for your plan. Refer to Amend a SIMPLE IRA Plus plan for more information.

Note: Employees will still have the ability to make pretax salary deferral contributions.

• Automatic Contribution Arrangement Notice. If your plan includes an Automatic Contribution Arrangement, eligible employees must also receive a notice describing the arrangement prior to each enrollment period.

* Document includes references to the 2025 contribution limits because the 2026 limits are not available yet.