### Question
How does Deferred Compensation, Etc. define simple retirement account?


### Answer
Under *26 U.S.C. § 408*, **simple retirement account** is defined as:

> an individual retirement plan (as defined in section 7701(a)(37))—


(A) with respect to which the requirements of paragraphs (3), (4), and (5) are met

#### Citation:
  - *26 U.S.C. § 408*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART I-PENSION, PROFIT-SHARING, STOCK BONUS PLANS, ETC. > Subpart A-General Rule**

