Series 24: Savings Incentive Match Plan For Employees (SIMPLE) IRA Plans

Taken from our Series 24 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 who earned more than $5000 in the preceding year. With a SIMPLE IRA, the employee makes pre-tax contributions to the plan and the employer is required to match

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