A written arrangement (a 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).
Simplified Employee Pension Plans (SEPs) are tax favored plans that permit an employer to make contributions on behalf of employees to an employee's SEP-IRA account. It can be established by sole proprietorships, partnerships & corporations. SEPs are especially attractive to small business owners because they are simple to set up & maintain.
A retirement savings program designed for the self employed and is suitable for small businesses and sole proprietors. An employer contributes tax-deferred dollars to individual retirement accounts for employees.
A type of Individual Retirement account (IRA) with a higher contribution limit designed for employers of 25 or fewer employees in which before- tax dollars are contributed and earnings grow tax deferred.
An employer-sponsored plan than can be used by sole proprietors, partners, and corporations. Deductible contributions up to the lesser of 15% of salary, not to exceed $30,000, can be made to IRAs owned by eligible employees. No IRS filings are required.
an employer-funded retirement plan under which an employer makes contributions to an employee's individual retirement account or individual retirement annuity
A retirement program that takes the form of individual retirement accounts for all eligible employees (subject to special rules on contributions and eligibility).
A pension plan used by small employers (or the self-employed) in which both employee and employer contribute.
A type of plan under which the employer contributes to an employee's IRA. Contributions may be made up to a certain limit and are immediately vested.
A retirement plan for small businesses and self-employed individuals.
Retirement plan that permits tax-deferred investments for self-employed individuals.
A retirement program consisting of individual retirement accounts for all eligible employees, to which the employer can contribute according to certain rules. A fairly simple, inexpensive plan to establish and administer, a SEP can be attractive to small businesses and self-employed individuals.
A tax-deferred retirement plan for small businesses.
A plan by an employer to make contributions toward an employee's retirement income. The employer makes contributions, up to the annual contribution limits, directly to an IRA set up by an employee with a qualified financial institution.
A Simplified Employee Pension Plan is an employer sponsored retirement program available to partnerships, corporations, not for profit organizations, government organizations and self employed individuals. The employer can contribute up to 15% of an employee's compensation into Individual Retirement Accounts (IRAs) established for each employee. The maximum allowed contribution for business partners, officers, and highly compensated employees are regulated by the IRS. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty. Distributions and withdrawals are subject to income tax.
A qualified retirement plan that allows pre-tax contributions and tax-deferral on any earnings. The plan is limited to small companies with less than 25 employees. back to the top
In the United States, a qualified employer-sponsored pension plan whereby an employer establishes and makes contributions into an individual retirement account or individual retirement annuity for each participating employee; however, the employee owns the account. Self-employed people also may establish a SEP plan.
A type of pension plan whereby both the employee and employer contribute to the employee's individual retirement account. See: Individual Retirement Account; Pension Fund; Qualified Pension Plan Or Trust
Type of pension plan into which both employer and employee contribute. It is easier to set up than a 401(k) or KEOGH and allows greater annual contributions than an IRA.
A pension plan in which both the employee and the employer contribute to an individual retirement account.
A retirement plan for small businesses allowing both an employer and an employee to contribute to the employee’s individual retirement account (IRA), subject to special rules on eligibility and contributions.
