Amounts contributed to an employee’s Traditional IRA or Roth IRA by an employer or; by an association of employees to the IRA of its members.
Amounts contributed to employer-sponsored IRAs are subject to the same contribution limits and eligibility requirements of Traditional IRAs and Roth IRAs.
Amounts contributed by the employer IRAs are treated as taxable compensation to the employee and reported on the employee’s W-2
Contributions to employer-sponsored IRAs are deductible on the employer’s business tax return
Contributions to employer-sponsored IRAs are subject to FICA and FUTA taxes
Employer-sponsored IRAs are subject to, 1099-R, 5498 and 5500 reporting
