Savings Incentive Match Plan For Employees (SIMPLEs)
For businesses with 100 or fewer employees, SIMPLE works much like a 401(k). Employees contribute a portion of pay, but without the tax-filing and administrative costs associated with traditional plans.
Simplified Employee Pensions (SEPs)
This tax- and accounting-favored retirement program lets you make tax-deductible deposits into the Traditional IRA accounts of eligible employees. Simplified Employee Pensions are for companies of any size and allow for a contribution of up to 25% of each employee’s pay. They do not have the start-up and operating costs of a conventional retirement plan.
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