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Simplified Employee Pension Plan

Also called a SEP IRA. A retirement plan designed for persons with self-employed income and their employees. It operates like an IRA: it has contribution limits and may be invested in securities. When an employer sets up an SEP, he/she creates a different account for each employee and puts a certain percentage of each person's income into these accounts. The percentage must be the same for the employer and all employees (although the dollar amounts will differ because of different levels of compensation). The employer makes all contributions, which are tax deductible for him/her; when the employee makes withdrawals upon retirement, the withdrawals are tax-free. SEPs may exist side-by-side with 401(k)s.


Simplified employee pension plan (SEP).

An SEP is a qualified retirement plan set up as an individual retirement arrangement (IRA) in an employee's name.

You can establish an SEP for yourself if you own a small business, or you may participate as an employee if you work for a company that sponsors such a plan.

The federal government sets the requirements for participation, the maximum annual contribution limits, and the rules governing withdrawals.


See Simplified Employee Pension
References in periodicals archive ?
On the other hand, in the case of i-PP blended with SEPS, the rate of increase in volumetric strain was highest in the i-PP blended with SEPS(B), as shown in Fig.
Implementation of operational handled under the applicable Dispatch Procedure for the management of the power system of the Slovak Republic and the activities related thereto contained in the existing local operating regulations (MPP) for equipment SEPS.
Power (physical forwards): Amprion (Germany), CEPS (Czech), ELIA (Belgium), MAVIR (Hungary), NGrid (UK), PSEO (Poland), SEPS (Slovakia), SwissGrid (Switzerland), RTE (France), TenneT (Netherlands), and TERNA (Italy).
A general-purpose SEPS grade of 45 Shore A reportedly shows adhesive strength of 10.
The measurement results are automatically sent to the selected department SEPS The delivery will be a central server that will work in Bratislava.
Hanna is also test marketing developmental compounds based on SEBS and SEPS elastomers from Kuraray of Japan.
forces against booby traps and car bombs, this team designed, developed and fielded SEPS during Operations Iraqi Freedom and Enduring Freedom.