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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Savings Incentive Match Plan for Employees of Small Employers - SIMPLE  

Definition 1.

A retirement plan that may be established by employers, including self-employed individuals. The employer is allowed a tax deduction for contributions made to the SIMPLE. The employer makes either matching or non-elective contributions to each eligible employee's SIMPLE IRA and employees may make salary deferral contributions.
 
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