SIMPLE plan

An arrangement under which an individual retirement account or annuity is established for each eligible employee and funded by elective pretax employee contributions, much as with a 401(k) plan, and certain matching or minimum employer contributions.

• The plan can be attractive to employers because it is easier to administer than a 401(k) plan. The name is a loose acronym for “Savings Incentive Match Plan for Employees.” IRC (26 USCA) § 408(p).

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词条贡献者

法律翻译Vivian，毕业于美国顶尖的翻译学院，专注翻译各类与水利资源有关的法律文件。