An SEP (Simplified Employee Pension) plan is an employer sponsored retirement plan through which an employer can make deductible contributions directly into eligible employee's traditional IRA.

Employer Benefits: An easy retirement plan operation A possible tax credit for opening a new SEP plan Annual contributions that are tax deductible Employee satisfaction based on an increase in their retirement plan savings Employee Benefits: An increase in retirement savings No current taxable income resulting from an employer's contribution Satisfaction with the employer based on an increase in their retirement plan savings Deferral of income tax on earnings in their retirement plan Control of the retirement assets