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Glossary > S > "Savings Incentive Match Plan for Employees of Small Employers - SIMPLE" Definition

Savings Incentive Match Plan for Employees of Small Employers - SIMPLE

A retirement plan that may be established by employers, including self-employed individuals. The employer is allowed a tax deduction for contributions made to the SIMPLE. The employer makes either matching or non-elective contributions to each eligible employee"s SIMPLE IRA and employees may make salary deferral contributions.

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Savings Incentive Match Plan for Employees of Small Employers - SIMPLE - A retirement plan that may be established by employers, including self-employed individuals. The employer is allowed a tax deduction for contributions made to the SIMPLE. The employer makes either matching or non-elective contributions to each eligible employee"s SIMPLE IRA and employees may make salary deferral contributions.

Savings Incentive Match Plan for Employees of Small Employers - SIMPLE : a retirement plan that may be established by employers, including self-employed individuals. the employer is allowed a tax deduction for contributions made to the simple. the employer makes either matching or non-elective contributions to each eligible employee"s simple ira and employees may make salary deferral contributions.