Simplified pension definitionQuestion What is a simplified employee pension plan (SEP)?
Answer An SEP is an individual retirement account (IRA) set up by employees into which an employer makes contributions based on a percentage of income.
Brain Trust contributor:
Author of J.K. Lasser's Small Business Taxes 2007
Related Categories: Accounting, Finance, Taxes, Financial Planning, Human Resources, Management, Retirement And Exit Strategies
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