What is the meaning of SIMPLE?

Savings Incentive Match Plan for Employees. A retirement plan that allows employees of businesses with small 100 or fewer employees and self-employed persons to make contributions to an IRA.' SIMPLE' plan contributions cannot exceed $6, 000 per year, and the contributions must be a percentage of the participant's earnings that is specified by the participant.

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APABarry Goldsmith. (2010). simple. Retrieved September 21, 2026, from http://smartdefine.org/simple/definitions/1163593
ChicagoBarry Goldsmith. 2010. "simple" http://smartdefine.org/simple/definitions/1163593 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, simple, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/simple/definitions/1163593>.
MLABarry Goldsmith. "simple" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/simple/definitions/1163593>
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