Form 5305-A-SEP

Form 5305-A-SEP

A model form published by the IRS that is used to set up the terms of a salary reduction SEP plan, which is an SEP plan in which an employer withholds a portion of the employee's salary and deposits it into the plan. An employer uses a separate Form 5304-A-SEP for each employee. It is kept for the employer's own records. It is not filed with the IRS.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved