What could be simpler? SIMPLEs make it easier for small employers to offer a retirement plan
Abstract: Providing an employee retirement plan can be challenging, especially for smaller companies. But SIMPLEs — Savings Incentive Match Plans for Employees — are, as their name suggests, simpler to set up, contribute to and maintain than many other plans. This article discusses eligibility criteria and decisions that must be made regarding choosing a trustee and the manner of contributing to employees’ accounts. But a sidebar mentions a few drawbacks of SIMPLEs.