SEP

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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.

SEP

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.

SEP

See Simplified Employee Pension
References in periodicals archive ?
Figure 4b suggests that there is an optimum copolymerization ratio of styrene for the toughness improvement of i-PP blended with SEPS.
The NEPS to SEPS transmission line will have the capability to provide affordable, reliable and sustainable power to an additional 1.
USAID is funding the construction of a 490 km transmission line connecting the NEPS network to the SEPS network.
9 million US Army contract awarded in late 1999, Condor is building 42 production units of SEPS nicknamed "SHORTSTOP," which experts say could reduce casualties to ground troops by as much as 80 percent or more during the initial stages of an enemy attack.
The measurement results are automatically sent to the selected department SEPS The delivery will be a central server that will work in Bratislava.
Power (physical forwards): Amprion (Germany), RTE (France), TenneT (Netherlands), NGrid (UK), TERNA (Italy), CEPS (Czech), SEPS (Slovakia), PSEO (Poland), SwissGrid (Switzerland), and MAVIR (Hungary)