Employer Discretionary Contribution to a Simple?

[Guest Paul McDonald]

What you see is all you get. You didn't miss a thing. Either/or and no more.

[Guest Thornton]

The way I read the rules, a sponsor of a simple IRA or 401(k) plan is limited to the matching or 2% nonelective contribution. Am I missing something? Can an additional employer contribution be made in a SIMPLE plan once the required contribution is made?