Related Links
Achieve Your Goals
Products & Services
Card Number and Expiration Change Checklist
Lost/Stolen Checklist
How to Read Your Statement

First American SIMPLE IRA

Now you can offer big-business retirement benefits to your employees without the cost or complication.

The First American SIMPLE (Savings Incentive Match Plan for Employees) IRA is a retirement plan especially designed for companies that do not have a qualified plan and employ up to 100 employees. The First American SIMPLE IRA is flexible, cost-efficient and easy to administer.

Benefits of a First American SIMPLE IRA

  • Tax advantages - Your company contributions and expenses usually are tax-deductible. (See your tax advisor for details.) Also, your contributions to the plan and the growth of your investments are tax-deferred until withdrawal.
  • Minimal expenses and administration - There is no annual fee for a First American SIMPLE IRA, and administration and reporting requirements are... well, simple.
  • A flexible benefit - Flexible employer contributions range from a 1% to a 3% match of employees' contributions, or you can contribute a 2% contribution for all eligible employees, regardless of their participation.
  • Wide range of investment options - Each participant can choose from The First American Funds* to meet specific investment needs. First American Funds offers a wide array of investment options - from fixed income funds to aggressive small company stock funds.
  • Convenience - Payroll deductions make saving easy and hassle-free.

To learn more about your investment options, visit your nearest financial professional, or call 800-888-4700 to speak with one of our U.S. Bancorp Investment Specialists today.

* You are now entering a partner site hosted on This site may have different privacy and information security policies. Please refer to product and service disclosures on the linked page for more information.

Account Login

U.S. Bank Small Business Logins