Savings Incentive Match Plan for Employees 401(k) Plans (SIMPLE 401(k) Plans) | Practical Law

Savings Incentive Match Plan for Employees 401(k) Plans (SIMPLE 401(k) Plans) | Practical Law

A Practice Note providing an overview of the savings incentive match plan for employees 401(k) (SIMPLE 401(k)) plan. It discusses the eligibility requirements, steps to establishing and maintaining the plan, contribution limits, treatment of distributions, tax treatment, and key features. The Practice Note also identifies the advantages and disadvantages of the SIMPLE 401(k) plan and considerations for a small employer.

Savings Incentive Match Plan for Employees 401(k) Plans (SIMPLE 401(k) Plans)

Practical Law Practice Note w-001-8183 (Approx. 13 pages)

Savings Incentive Match Plan for Employees 401(k) Plans (SIMPLE 401(k) Plans)

by Practical Law Employee Benefits & Executive Compensation
Maintained • USA (National/Federal)
A Practice Note providing an overview of the savings incentive match plan for employees 401(k) (SIMPLE 401(k)) plan. It discusses the eligibility requirements, steps to establishing and maintaining the plan, contribution limits, treatment of distributions, tax treatment, and key features. The Practice Note also identifies the advantages and disadvantages of the SIMPLE 401(k) plan and considerations for a small employer.