A Simplified Employee Pension Plan (SEP) is a retirement plan established by a business owner, typically a small business owner. Once the employer has established the SEP plan, employees are then notified to get their own SEP IRA account setup so the employer can then make contributions on behalf of the employee. SEP IRAs are like a traditional IRA and allow employees to control their retirement funds. Learn about the features, rules, and limits of a SEP IRA.
Your employer is required to provide information to all eligible employees to help you understand your SEP plan and the contributions your employer will make. You should look for: