To achieve safe harbor status, owners are required to make a contribution on behalf of participating employees. (employeefiduciary.com)
Allow an employer to make deductible contributions for the benefit of participating employees. (firstbt.com)
First, the employer is required to contribute to the plan: either a matching contribution of up to 3 % of the employee's salary for participating employees or a default contribution of 2 % of the employee's salary for all eligible employees, regardless of whether they contribute to the SIMPLE IRA or not. (valuepenguin.com)