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Investing Glossary:
Savings Incentive Match Plan for Employees (SIMPLE) 401(k) plan
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Savings Incentive Match Plan for Employees (SIMPLE) 401(k) plan
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| Definition: |
| A tax-deferred Retirement savings plan similar to a conventional 401(k) plan, redesigned with specific rules to meet the needs of small employers. The Small Business Job Protection Act of 1996 created these plans for companies with fewer than 100 employees. An employee`s contributions are indexed for inflation, and employers must make annual matching contributions.
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