Simplified employee pension

A simplified employee pension (SEP, or SEP IRA) is a retirement plan that an employer or self-employed individuals can establish. The employer is allowed a tax deduction for contributions made to the SEP plan and makes contributions to each eligible employee’s SEP IRA on a discretionary basis—Read more at Investopedia. Kagan, Julia. “Simplified Employee Pension (SEP).” 20 November 2019