Chapter 5 Savings Incentive Match Plans for Employees (SIMPLE) This chapter is for employees who need information about savingsincentive match plans for employees (SIMPLE plans). It explains what aSIMPLE plan is, contributions to a SIMPLE plan, and withdrawals from aSIMPLE plan. hotel rooms ManchesterUnder a SIMPLE plan, SIMPLE retirement accounts for participatingemployees can be set up either as: Berlin hôtelsPart of a 401(k) plan, or craps strategie en ligneA plan using IRAs (SIMPLE IRA). This chapter only discusses the SIMPLE plan rules that relateto SIMPLE IRAs. See Publication 560camera d'albergo a Scheveningen for information on any specialrules for SIMPLE plans that do not use IRAs. TaxTip: If your employer maintains a SIMPLE plan, you must be notified, inwriting, that you can choose the financial institution that will serveas trustee for your SIMPLE IRA and that you can roll over or transferyour SIMPLE IRA to another financial institution. See Rolloversand Transfers Exception, later. What Is a SIMPLE Plan? How Are Contributions Made? How Much Can Be Contributed on My Behalf? When Can I Withdraw or Use Assets?