Help your employees plan for the future by offering a Simplified Employee Pension plan (SEP). This individual retirement account is for sole proprietors, partnerships, and corporations, and allows employers to contribute toward several savings options for employees. Make sure your valued employees know just how important they are and add SEPs to your benefits package today.
*Consult your tax advisor.
The SEP may be used by any sole proprietor, partnership, or corporation. A sole proprietor with no employees may also have a SEP for himself or herself. In this case, the contribution is based on net income of the business, rather than gross income.