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newscarsrugby
Level 1

Can you direct deposit retirement contributions from QBO Payroll to a Fidelity SIMPLE IRA? I have the instructions from the custodian that says it's possible.

 
1 Comment 1
Tori B
QuickBooks Team

Can you direct deposit retirement contributions from QBO Payroll to a Fidelity SIMPLE IRA? I have the instructions from the custodian that says it's possible.

Good morning, @ newscarsrugby. 

 

Currently, QuickBooks Online payroll doesn't offer the option to automatically transfer funds to Fidelity Simple IRA. You'd need to do this outside of QuickBooks Online Payroll. 

 

I recommend checking out, Retirement plan deductions/contributions for more details. 

 

Please let me know if you have further questions or concerns. I'll be happy to help you out every step of the way. You can always reach out to the Community or me anytime you need assistance. Take care! 

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