What Does Simplified Employee Pension Plan Mean?

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What does Simplified Employee Pension Plan mean? Read on to discover the definition & meaning of the term Simplified Employee Pension Plan - to help you better understand the language used in insurance policies.

Simplified Employee Pension Plan

Simplified Employee Pension Plan

A written arrangement (a (SEP) plan) that allows an employer to make contributions to an employee's retirement. Contributions can be made to an employee's individual retirement account or annuity (IRA).

We hope the you have a better understanding of the meaning of Simplified Employee Pension Plan.

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