linkedin facebook  twitter

 

 or Call (888) 634-0001

SEP & SIMPLE IRA Retirement Plans — Know & Avoid These Common Errors

Posted by Jennifer C. Plail CPA

Jun 23, 2016 11:00:00 AM

The IRS recently identified a number of common errors seen in two of the most popular retirement plans used by small businesses — the SEP plan and the SIMPLE IRA plan.

General Rules for SEPs

With a SEP (Simplified Employee Pension) plan, employers establish individual retirement accounts (IRAs) for each eligible employee. Contributions are made only by the employer (except in the case of SARSEP plans in place on December 31, 1996). The employer has discretion as to whether to make annual contributions.

Read More

Topics: sep, simplified employee pension, retirement plan, simple ira





Join Our Mailing List


Recent Blogs

Posts by Topic

see all