SEP

SEP Plan
Simplified Employee Pension Plan, also known as SEP-IRAs. A retirement program designed to appeal to small companies, though it can be adopted by companies of any size.

SEP
Simplified Employee Pension plan: a deductible IRA with contributions made by both employer and employee, available to self-employed persons and employees of participating small companies.

SEP
Simplified Employee Pension (SEP) Plan is a retirement plan for employees of small businesses and for self-employed people.

SEP IRA
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Simplified Employee Pension (SEP) Plan
pension plan in which both the employee and the employer contribute to an Individual Retirement Arrangement (or Account) (IRA) Under the tax reform act of 1986 , ...

SEP (Simplified Employee Pension Plan) - A retirement plan created for self-employed persons and small-business owners.

SEP " Simplified Employee Pension - A type of pension plan which combines a corporate pension plan and an IRA. Under a SEP, the employer makes a contribution to the employee's IRA.

SEP IRA (Simplified Employee Pensions). Features the same annual contribution limits as the Keogh plans, and is covered by many of the same rules governing regular IRAs.

SEP IRA:
This is simply a method of allowing an employer to make contributions to your traditional IRA, instead of a company pension account or similar.

SEP (Simplified Employee Pension)
Acronym for simplified employee pension plan, a type of pension plan whereby both the employee and employer contribute to the employee's individual retirement account.

A SEP is a qualified retirement plan set up as an individual retirement account (IRA) in an employee's name.

For 2001, the SEP rules permit an employer to contribute, and deduct, an annual maximum of 15 percent of the employee's compensation or $35,000, whichever is less, to each participating employee's account.

QRP/Keogh and SEP-IRA
20% of net self-employment income, up to $44,000
None ...

Pensions, profit-sharing plans, money purchase plans, cash balance plans, SEP-IRAs, SIMPLEs, and 401(k)s are all examples of qualified plans, though each type works a little differently.

Self-employed individuals with a net profit reported on Schedule C, C-EZ or F, to the extent of net profit less deductions for retirement plans (Keogh, self-employed SEP or SIMPLE plans) and the deduction for 50% of the Self-Employment tax taken on ...

If after turning 70 1/2, you do not make the required withdrawals from a SEP, SIMPLE or Traditional IRA, you will have to pay additional taxes totaling 50% of the amount you were required to have withdrawn.

Simplified Employee Pension Individual Retirement Account (SEP IRA) - a variation of the Individual Retirement Account used in the United States. Even more so than the SIMPLE IRA, the SEP-IRA really is "simple.

Servicio de emisión de pagarés (SEP):
Acuerdo de crédito rotatorio en el mercado de eurodivisas por el cual los prestatarios colocan pagarés a corto plazo (de uno a seis meses) por intermedio de un grupo de bancos de primera línea.

SIMPLIFIED EMPLOYEE PENSION (SEP) A type of qualified pension plan for small businesses (25 or fewer employees) that is funded by an employer or a self-employed individual.

A SEP may be established by a corporate or noncorporate employer. From an individual's perspective, a SEP has the administrative simplicity of an IRA, ...

Simplified Employee Pension Plan (SEP)
A type of pension plan whereby both the employee and employer contribute to the employee's individual retirement account.
See: Individual Retirement Account; Pension Fund; Qualified Pension Plan Or Trust ...

SIMPLIFIED EMPLOYEE PENSION (SEP):  A retirement plan that uses an individual retirement account (IRA) as the receptacle for contributions. A SEP is a simplified alternative to a profit-sharing or 401(k) plan.

Simplified Employee Pension (SEP): A tax-deferred retirement plan for small business owners and the self-employed.
Standard & Poor's Corporation: A rating agency that analyzes the credit quality of bonds and other securities.

Simplified Employee Pension Plan (SEP): A retirement plan for small businesses allowing both an employer and an employee to contribute to the employee's individual retirement account (IRA), subject to special rules on eligibility and contributions.

Simplified Employee Pension Plan (SEP)
Type of pension plan into which both employer and employee contribute. It is easier to set up than a 401(k) or KEOGH and allows greater annual contributions than an IRA.

A Simplified Employee Pension (SEP) plan which also allows employers to defer a pre-tax portion of their pay into a SEP-IRA and defer paying taxes until the funds are withdrawn.
Security ...

Simplified Employee Pension (SEP) Plan An alternative to a Keogh plan that allows employers to sponsor and establish a retirement plan to contribute to their employee's and their own Individual Retirement Accounts.

Nadel, Alan A. "Self-Employment Tax Treatment of Keogh and SEP Contributions and Unreimbursed Business Expenses." The Tax Adviser. November 1995.

Simplified Employee Pension (SEP) plan: A retirement savings program designed for the self employed and is suitable for small businesses and sole proprietors.

401(k) Plans For The Small Business Owner
Business Owners: How To Set Up An SEP IRA
Is Your 401(k) On Track?
Sometimes It Pays To Borrow From Your 401(k) ...

Modified Adjusted Gross Income. Your AGI (adjusted gross income) computed without considering any passive activity loss, IRA or SEP plans, taxable social security or the deduction for one-half of the self-employment tax.

Like other qualified plans, there are contribution limits, though they are substantially higher than with either 401(k)s or individual retirement plans, and on a par with contribution limits to SEP-IRAs.

Defined contribution plan: A corporate pension plan that guarantees the employer will pay a specific amount into the plan each year. Either a money purchase plan, such as a 401(k) or a SEP, or a profit sharing plan, or some combination of the two.

A Keogh Plan is known to be more costly to maintain than a Simplified Employee Pension (SEP) plan. Contribution limits are higher on a Keogh Plan, increasing their popularity. The Keogh Plan was named for U.S.

employer-sponsored retirement plans for any part of an applicable year: 1) a qualified pension, stock bonus, or profit sharing plan, 2) a qualified annuity plan, 3) a tax-sheltered annuity (TSA) plan, 4) a simplified employee pension plan (SEP), ...

cost you a few extra dollars in terms of state and legal fees, but you may become eligible for far more favorable tax treatment when it comes to health insurance premiums, travel and entertainment deductions, and even a retirement plan via a SEP IRA.

See also: Saving, Expense, Banks, Compensation, Tax-Deferred