"SIMPLE" is an acronym for "savings incentive match plans for employees." It describes a plan in which employees can make tax-deferred investments and the employer makes matching contributions. The plan can take the form of an IRA or a 401(k) plan.
A type of defined contribution plan for employers with 100 or fewer employees in which the employer matches 100% of employee deferrals up to 3% of compensation or provides nonelective contributions up to 2% of compensation. These contributions are immediately and 100% vested, and they are the only employer contribution to the plan. SIMPLE plans may be structured as individual retirement accounts (IRAs) or as 401(k) plans.
Savings Incentive Match Plans for Employees. A retirement plan that can be set up as a 401(k) or IRA, and allows employee pre-tax contributions and mandatory employer matching contributions. All contributions are immediately vested in a SIMPLE plan.
Simple Plan is a pop-punk band from Montreal, Quebec, Canada—all five members are French-Canadians who were born in the province of Quebec. The band has released two original albums: No Pads, No Helmets... Just Balls (2002) and Still Not Getting Any... (2004); as well as two live CDs: Live In Japan and 'MTV Hard Rock Live (2005).