Providence Association – Life Insurance & Retirement Savings

What is a SIMPLE IRA plan?

SIMPLE IRA Plan – Simple is an acronym for Savings and Incentive Matched Plan for Employees. Generally, any business with 100 or fewer employees can qualify; however, SIMPLE plans are only available to companies that maintain no other employer-sponsored retirement plan to which contributions are made or accrued during the pertinent calendar year. Which employees […]