--- Which of the following statements is correct concerning a SIMPLE plan?

A SIMPLE plan has more complex administration than a 401(k).

A SIMPLE plan has only a few options for employer matching percentages, while a 401(k) has no limit to the matching percentage.

A SIMPLE is best used with a large to medium sized company.

Both SIMPLE plans and 401(k)s permit plan loans.

--- An employer can sponsor both a SIMPLE and a money-purchase pension plan.

True

False