SIMPLE Retirement Plans Allow a Higher Level of Employer Contributions

question 44

True/False

SIMPLE retirement plans allow a higher level of employer contributions than do SEP IRAs.

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Definitions:

Epiphysis

The end part of a long bone, which is initially growing separately from the shaft.

Spongy Bone

A type of bone tissue found at the ends of bones and in the interiors of vertebral bones, characterized by a porous, honeycomb structure.

Cranium

The part of the skull that encases the brain, protecting it and supporting facial structures.

Epiphyseal Plate

A growth plate found in children and adolescents, located in the metaphysis at the ends of long bones, where bone growth occurs.