Is a SIMPLE 401(k) the right retirement plan for your business?

07/22/2013 | Fox Business Small Business Center

SIMPLE 401(k) plans, which are available for companies with fewer than 100 employees, are more demanding to administer than SIMPLE IRA plans, but they can also let you make larger contributions, Bonnie Lee writes. Given their complexity, however, noncompliance is a major risk, and making mistakes can lead to large penalties.

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