{"id":32632,"date":"2016-03-31T19:23:24","date_gmt":"2016-04-01T00:23:24","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/uncategorized\/pension-simplification-is-it-an-oxymoron.html"},"modified":"2017-04-20T09:53:08","modified_gmt":"2017-04-20T14:53:08","slug":"pension-simplification-is-it-an-oxymoron","status":"publish","type":"corporate","link":"https:\/\/corporate.findlaw.com\/finance\/pension-simplification-is-it-an-oxymoron.html","title":{"rendered":"Pension Simplification: Is It An Oxymoron?"},"content":{"rendered":"
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Since passage of The Small Business Job Protection Act<\/a> in 1996, employers, particularly small businesses, have had access to more simplified retirement plans. One such plan created by the Act, is the Savings Incentive Match Plan for Employees (SIMPLE). If you represent small businesses, you may be in a position to help your clients establish efficient and cost-effective retirement plans that can reduce taxes and attract employees. Read to learn more about SIMPLE plans and how they might benefit your clients.<\/p>\n

What Is A SIMPLE Plan?<\/b><\/p>\n

SIMPLE IRA plans are available for businesses that have no other form of pension and which have 100 or fewer employees who:<\/p>\n