A Simplified Employee Pension (SEP) is a type of Individual Retirement Account that can be established by an employer or self-employed person. Within a SEP IRA, the employer is given tax deductions for contributions to their SEP IRAs as well as each eligible employee’s plans.

Related Terms

  • Variable Annuity

  • Traditional IRA

  • SIMPLE IRA

  • Roth IRA

  • Rollover / Contributory IRA

  • Joint

  • Individual 401(k)

  • Individual

  • Fixed Annuity

  • Designated Beneficiary (TOD)

  • Deferred Profit-Sharing Plan (DPSP)

  • Custodial

  • Corporate

  • Cash Balance Pension Plans

  • 401(k)