Series 66: Savings Incentive Match Plan For Employees (SIMPLE) IRA Plans

Taken from our Series 66 Online Guide

Savings Incentive Match Plan for Employees (SIMPLE) IRA Plans

The SIMPLE IRA plan is a retirement plan for businesses having no more than 100 employees. With a SIMPLE IRA, the employee may make pre-tax contributions to the plan. The employer is required to either match these contributions up to 3% of the employee’s compensation or to contribute 2%, whether the

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