SEP, SIMPLE AND QUALIFIED PLANS
A document that outlines the requirements for setting up retirement plans for business owners and their employees. Published by the Internal Revenue Service (IRS), it outlines the following: type of plan to set up, process of setting up, contributions and deductions, manner of treating distributions, and reporting details on the plan to both the IRS and employees. It also gives specific information for Simplified Employee Pension (SEP), SIMPLE IRAs, and qualified plans.
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