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Retirement Plan Creation

edited Jun 2, 2025 2:40PM in Ask A Guru 7 comments

We are looking at offering a SIMPLE IRA via the company, but I am not sure I see/understand the current configuration in NetSuite. If I go and select the retirement plan offering, all that is listed is a 401(k). Is there anything that would explain what needs to be done to configure a plan that is derived from the retirement plan with the company matching 3% up to the max employee's total contribution? I see where I can make a basic plan, but then when creating payroll items I am not sure which should be selected. 

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