Savings Incentive Match Plans for Employees (SIMPLEs)can be either leveraged or nonleveraged.(Savings Incentive Match Plans for Employees (SIMPLEs))

Question

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SIMPLE plans are retirement savings plans for small businesses and do not involve leveraging; they allow employees and employers to contribute to traditional IRAs set up for employees, without the complexity of leveraging investments.

Savings Incentive Match Plans for Employees (SIMPLEs)can Be Either Leveraged