In this special report, we’ll analyze the four most popular alternatives for small businesses: simplified employee pensions (SEPs), Savings Incentive Match Plans for Employees (SIMPLEs), Keogh plans and solo 401(k) plans.
As easy as S-E-P
As the name implies, a simplified employee pension is easy to establish and use. All you have to do is fill out an IRS form (Form 5305-SEP) and provide copies to plan participants. You don’t even have to send a copy to the IRS.
Eligibility: With a SEP, you must make contributions on behalf of all employees age 21 or over who have worked for your company during three out of the p...(register to read more)