Simple IRA

A SIMPLE IRA is a retirement savings plan that most small businesses with 100 or fewer employees can use. “SIMPLE” stands for “Savings Incentive Match Plan for Employees,” and “IRA” stands for “Individual Retirement Account.” Employers can choose to make a 2% retirement account contribution to all employees or an optional matching contribution of up to 3%—Read more at Investopedia. Kagan, Julia. “SIMPLE IRA.” 18 November 2019