SEP IRA Retirement Plan
SEP is a simplified version of a profit-sharing plan
- Permits Employer contributions of up to 25%* of post-reduction compensation.
- No Employee Contributions
- Employer contributions can be Integrated with Social Security to favor the highly-compensated employees.
- All funds are 100% vested at all times
- 21 Years of age
- Worked during 3 of the last 5 calendar years
- Received at least $450 (indexed) in the current year.
*Note: 20% if self-employed, in certain situations.
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