October 4th, 2008
What Is A Deemed Ira?
When an employee supplies and Ira for their employees and make requested Ira contributions into it with a percentage of the employees payroll including any matching contributions, they also sometimes put a deemed account attached to the original Ira and this deemed account is there in order for the employee to put in voluntary contributions whenever they would like. This account can be treated as a regular Ira or a Roth Ira. Both of the Iras will support eachother for profit sharing, a qualified pension, or the 401K plan. This can also be a qualified employee annuity plan as well.