Legal Question in Business Law in Indiana

Is it legal for a nonprofit organization to offer to open a SIMPLE-IRA to a new employee as part of the compensation package but not to the other employees?


Asked on 4/23/13, 6:55 am

1 Answer from Attorneys
Kenneth Wilk Rubino Ruman Crosmer & Polen

First of all, if the employee is at-will rather than contract or union, the employer can offer what it wishes too. Second, rules pertaining to a IRA are not the same as a Keough or other matching investment plan. So, yes, it is possible that the offer in this case is proper and legal, subject to facts not provided herein.

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Answered on 4/23/13, 2:17 pm


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