SIMPLE IRA

Savings Incentive Match Plan for Employees. A retirement plan available to businesses with 100 or fewer employees. Allows employee salary deferrals up to $17,000 in 2026 ($4,000 catch-up at 50+, $5,250 for ages 60–63), with employer matching or non-elective contributions required. Less administratively complex than a 401(k) but with lower contribution limits.