SEP Plan FAQs
A Simplified Employee Pension (SEP) plan provides business owners with a simplified method to contribute toward their employees’ retirement as well as their own retirement savings. Contributions are made to an Individual Retirement Account or Annuity (IRA) set up for each plan participant (a SEP-IRA).
A SEP-IRA account is a traditional IRA and follows the same investment, distribution, and rollover rules as traditional IRAs. See the IRA FAQs.
See also Publication 560 and Publication 590 for detailed information on SEP plans and SEP-IRAs.
- Establishing a SEP
- Participation
- Compensation
- Contributions
- Distributions (Withdrawals) (same as IRA rules - see IRA FAQs)
- Investments (same as IRA rules - see IRA FAQs)
- Terminating a SEP
Have a question about retirement plans? Contact us.
Page Last Reviewed or Updated: 13-Feb-2013
