simplified employee pension plan

simplified employee pension plan
A pension plan allowing self-employed business owners to make contributions toward their own retirement plans and to their employees retirement plans. Contributions are made directly to an individual retirement account set up for each employee (a SEP-IRA) and there the contributions accumulate tax-deferred until withdrawn.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Retirement Planning
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • Simplified Employee Pension plan — SEP plan A pension plan in which both the employee and the employer contribute to an individual retirement account. Also available to the self employed. Bloomberg Financial Dictionary …   Financial and business terms

  • SIMPLIFIED EMPLOYEE PENSION PLAN — (SEP) упрощенный пенсионный план пенсионная программа, предусматривающая инвестиции с отложенными налоговыми платежами для самозанятых людей …   Глоссарий финансовых и биржевых терминов

  • Simplified Employee Pension Plan — (SEP) An individual retirement account or individual retirement annuity which an employer establishes for his or her employees. See I.R.C. No. 408(k). See also individual Retirement Account (I.R.A.) …   Black's law dictionary

  • Salary Reduction Simplified Employee Pension Plan — ( SARSEP) A low cost, no frills version of a 401( k) employee savings plan available to companies with 25 or fewer employees. It allows employees to make pretax contributions to their IRAs through salary reduction each year. The Small Business… …   Financial and business terms

  • Salary Reduction Simplified Employee Pension Plan - SARSEP — A plan offered by small companies typically those with fewer than 25 employees that allows employees to make pretax contributions to their Individual Retirement Accounts (IRAs) through salary reduction. Prior to the widespread use of 401(k)s,… …   Investment dictionary

  • Simplified Employee Pension - SEP (Simplified Employee Pension IRA) — A retirement plan that an employer or self employed individuals can establish. The employer is allowed a tax deduction for contributions made to the SEP plan and makes contributions to each eligible employee s SEP IRA on a discretionary basis.… …   Investment dictionary

  • simplified employee pension (sep) plan —  Retirement plan where both the employee and employer can contribute …   American business jargon

  • Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 …   Wikipedia

  • SEP plan — See: Simplified Employee Pension plan …   Financial and business terms

  • sep plan —  See simplified employee pension plan …   American business jargon