or usingForm 5305-SIMPLEif the employer wants to choose the financial institution where employees will hold their IRAs. Employees must fill out a SIMPLE IRA adoption agreement to open their accounts
http://msdn.microsoft.com/en-us/library/bb530410.aspxThanks, Rong-Chun Zhang MSDN Subscriber Support in Forum If you have any feedback on our support, please contact msdnmg[at]microsoft.comPlease remember to mark the replies as answers if they help and unmark them if they provide no help...
An employer, a sole proprietor, or someone who is self-employed must first decide which type of SIMPLE IRA plan to set up. To allow employees to choose the financial institution where their SIMPLE IRA account will be held, an employer must fill outIRS Form 5304...