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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.
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Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.


See Simplified Employee Pension
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
In systems that use SEPS or SIS and that show the durations of recommended prison terms in a grid format, these durations display steadily increasing penalty severity as offense severity increases (usually along the vertical axis of the sentencing grid), and as criminal history category increases (usually along the horizontal axis).
For example, noting that cell phone technology has advanced rapidly in recent years does not prove a lack of costly opportunism by the owners of SEPs for the thousands of technologies included in cell phones.
CCIIO will introduce the new SEP verification requirements in two phases.
Consumers who want to buy individual major medical coverage at other times of the year are supposed to show they have a good excuse, such as loss of access to employer-sponsored coverage, to qualify for a SEP.
Typically, patent holders may attempt to seek injunctive relief in a suit against infringers, however, it has been less clear whether, and if so, under what circumstances, this right extends to patent owners of SEPs subject to a commitment to license on FRAND terms.
The strong affinity of the styrene blocks of SEPS for the CNT is confirmed in Figure 4 and is consistent with literature results [24].
* The SEPs bring the university closer to the farmers and issues pertaining to the farming sector.
Last year, Ericsson had filed a patent infringement charge against Xiaomi claiming that the chipset used by the manufacturer infringed upon eight of its SEPs. As a result, Xiaomi can only sell devices powered by a Qualcomm processor in India.
SEPs refer to patents that are vital to the practice of a specification.
The four-factor model of the SEPS was applicable to Taiwanese SEs, concurring with previous studies (Arena et al., 2014; Dean & McMullen, 2007; De Clercq, Dimov & Thongpapanl, 2013; Kreiser et al., 2013; Meyskens et al., 2010; Smith et al., 2014; York & Venkataraman, 2010).
Fighting over royalty rates for SEPs is nothing new.