How Much Can You Contribute to a SIMPLE IRA for 2019?

by Rivan V. Stinson, Staff Writer, Kiplinger's Personal Finance Jun 17, 2019 2 minutes

A Savings Incentive Match Plan for Employees IRA, or SIMPLE IRA for short, is a retirement plan designed for small businesses with 100 or fewer employees. Though a SIMPLE IRA is an easier and less expensive plan for employers to set up than a traditional 401(k) plan, the amount a worker can save in a SIMPLE IRA is less than a 401(k), too.