Simplified Employee Pension - SEP (Simplified Employee Pension IRA)
What Does Simplified Employee Pension - SEP (Simplified Employee Pension IRA) Mean?
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.
Investopedia explains Simplified Employee Pension - SEP (Simplified Employee Pension IRA)
Contributions to SEP IRAs are immediately 100% vested, and the IRA owner directs the investments.
