Date: Fri, 23 Sep 2005 15:45:26 CST
From: "greenrhino" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Simple IRA versus 401k
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Size, and administration are two things to consider.

401k offer maximum flexablity and plan design, but require more
andministration and typically cost more.

SIMPLEs are for small, less than 100, employers, and are easier to
aministrate than 401ks, but have lower employee deferral limits: $10k
vs. $14k in a 401k.

A SIMPLE has to have at least a 3 month plan year so if you want to
make contributions in 2005 your plan has to be set up by Oct .