Simplified Employee Pension - SEP (Simplified Employee Pension IRA)
A type of retirement plan that an employer can establish, including self-employed individuals. The employer is allowed a tax deduction for contributions made to the SEP Plan. The employer makes contributions to each eligible employee's SEP IRA on a discretionary basis.
Investopedia Commentary
Contributions to SEP IRAs are immediately 100% vested, and the IRA owner directs the investments.
Related Links
Plans the Small Employer Can Establish
Introductory Tour through Retirement Plans
Rules Regarding Substantially Equal Periodic Payment (SEPP)
Also spelled: SEP