SEP Plans
Simplified Employee Pension (SEP) plans are IRA-based retirement plans for any sized business but are usually favored by small businesses. Under this type of plan, the business owner makes pre-tax contributions into an IRA account for eligible employees, and also for herself if the owner is self-employed. The plan allows employers to skip contributions in years when business is bad, but if the owner makes a contribution for herself, she must also make contributions for her employees. When c