Question: what is the difference between 401k and simple 401k?
Answer: A subset of the 401(k) plan is the SIMPLE 401(k) plan. Just like the SIMPLE IRA plan, this is a plan just for you: the small business owner with 100 or fewer employees. ... But unlike a regular 401(k) plan, you the employer must make either: A matching contribution up to 3% of each employee's pay, or.