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a.k.a. “Simplified Employee Pension plan”
It is as easy and low cost to set up and maintain as the SIMPLE IRA. But instead of the employee making contributions to the plan with a match from the employer, the employer makes the entire contribution.
Self-employed workers may find the SEP ideal due to its low setup and maintenance costs. Business owners can save quite a bit more in a SEP than the SIMPLE or other IRAs. For 2009, the contribution limit is 25 percent of net income up to $49,000.
business owner, Business Plan, contributions plan, Employee Pension Plan, Finance Management, pension contribution, profit margin, retirement plan, saving money, self-employed
