Term: Simplified Employee Pension (SEP)
Definition:A retirement plan established by an employer or self-employed individual. Under the plan, employees have individual SEP IRA accounts their employer contributes to and these contributions are tax deductible to the employer. SEPs cost less to maintain than most other kinds of retirement plans and are most commonly used by small businesses.
To find keyword content within a course, select the course link below.
Course | Page Number |
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53 - Employee Benefits Strategies | 14 |
74 - Trends in Retirement Plans | 10 |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®