A SIMPLE IRA plan (Savings Incentive Match PLan for Employees) allows employees and employers to contribute to traditional IRAs set up for employees. It is ideally suited as a start-up retirement savings plan for small employers not currently sponsoring a retirement plan. Choose a SIMPLE IRA Plan Learn the basics of a SIMPLE IRA plan Establish a SIMPLE IRA Plan Set up a SIMPLE IRA plan Participate in a SIMPLE IRA Plan Benefits of participation, plan contributions, effects of withdrawing money from the plan Operate and Maintain a SIMPLE IRA Plan Periodically review the plan, update for recent law changes Correct SIMPLE IRA Plan Errors Find, fix and avoid plan errors Terminate a SIMPLE IRA Plan Requirements for ending a SIMPLE plan Additional Resources Forms, publications, frequently asked questions, etc.