SEP IRAs

A simplified employee pension (SEP) IRA is a retirement plan that allows an employer to make contributions toward his or her own retirement or his or her employees' retirement, without becoming involved in complex retirement administration that come with other retirement plans. The SEP serves as a low-cost pension plan for small businesses. Any employer with one or more employees may establish an SEP plan. This includes sole proprietorships, partnerships, corporations and non-profit organizations.