SIMPLE IRA vs 401k - which is a better option? Well, both plans are different in a lot of ways. But they’re designed with the same purpose: helping employees save for retirement. Knowing about what both these plans offer is very important. After all, this is how you’ll be able to make a choice. And remember, making the right choice matters a lot here; the golden years of your life dep... https://www.statepension.us/blog/simple-ira-vs-401k