What Is A Simple Retirement Plan? 
what is a SIMPLE retirement plan ? A Simple is an inexpensive opportunity for a small business to have a retirement plan that does n't break the bank in advisor fees . A Simple plan is an IRS approved plan with only a few steps to follow so expensive testing and record keeping are n't necessary . For any small business who are considering a retirement plan to offer , this should be right on top as it does provide a great platform for a business who would rather use it 's money to put towards employees retirements rather than third party administers plans . 