Understanding SIMPLE Plan Rules

ARTICLE | June 03, 2025

For many small businesses, offering a retirement plan that balances simplicity with meaningful benefits can be a challenge. The “Savings Incentive Match Plan for Employees” (or SIMPLE) has long been touted for its ease of administration and reduced paperwork. Recent legislative developments, however, have introduced new layers of complexity that both employers and employees need to understand. In particular, the SECURE 2.0 Act has expanded catch-up opportunities for certain older employees and opened the door for Roth-type SIMPLE options. In this article, we’ll explore what SIMPLE plans are, who can benefit from them, and how the latest rules might affect your retirement planning.

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