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Hi folks,

My husband is employed by a very small company which will be offering a SIMPLE IRA plan starting in January.

The employer (who is basically clueless about investing) wants to set up the employees' accounts with full service broker Edward Jones (ugh!), probably because their office is across the street. When my husband met with an EJ rep last week, he found that the choice of funds was horrible and the fees were outrageous.

In a previous thread on this board, I read that employees have a choice of where to keep their SIMPLEs. Can anyone tell me more about this? If we want to set up the SIMPLE at Vanguard for example, does the employer have to go along with our choice and still provide matching funds? Also, is it possible to read IRS publication 590 online, and if so, does anyone have a link?

Thanks very much,
RW
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