Savings Incentive Match Plan For Employees

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What does Savings Incentive Match Plan For Employees mean? Read on to discover the definition & meaning of the term Savings Incentive Match Plan For Employees - to help you better understand the language used in insurance policies.

Savings Incentive Match Plan For Employees

Savings Incentive Match Plan For Employees

(SIMPLE) is a qualified employer retirement plan that allows small employers to set up tax-favored retirement savings plans for their employees.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

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