Establishing SIMPLE plan with existing DB or DC plan - limits in 2000?

[Guest Ted Munice]

What limitations are there for establishing a SIMPLE IRA or SIMPLE 401k in 2000 if the company already has (1) a defined benefit plan, and/or (2) a profit sharing plan?

[Bill Berke]

Code Section 408(p)(2)(D) says employer may not adopt SIMPLE during any period in which employer contributed to another plan or that other plan accrued benefits(except union plan)