SIMPLE plan definedQuestion What is a savings incentive match plan of employee (SIMPLE)?
Answer A savings incentive match plan of employee (SIMPLE) is an IRA - or 401(k) - type plan that permits modest employee contributions via salary reduction, and requires modest employer contributions.
SIMPLE plans are easy to set up and administer. 
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Author of J.K. Lasser's Small Business Taxes 2007
Related Categories: Accounting, Finance, Taxes, Financial Planning, Human Resources, Management, Retirement And Exit Strategies
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