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What does SEP stand for?

SEP stands for Simplified Employee Pension (IRS; type of IRA)

This definition appears very frequently

See other definitions of SEP

Other Resources:
We have 443 other meanings of SEP in our Acronym Attic

Samples in periodicals archive:

Most of the plans available to small businesses--simplified employee pensions (SEPs), salary reduction simplified employee pensions, SIMPLE IRA plans, SIMPLE 401(k) plans, regular 401(k)s, profit-sharing plans, money purchase pension plan, Keogh plans, defined benefit plans, defined contribution plans, and employee stock ownership plans--are subject to the minimum coverage requirements, minimum vesting standards, the actual deferral percentage test, the non-discrimination requirements, and the top heavy plan requirements.
A SEP IRA (or simplified employee pension individual retirement account), allows you to contribute up to 25% of your annual income, with a cap of $49,000.
They also describe the different types of plans, including top-heavy plans, 401 (k) plans, employee stock ownership plans, multiemployer plans, Roth IRAs, simplified employee pensions, saving incentive match plan for employees, rollovers, and tax-sheltered annuities.
The book covers establishing IRA's, converting IRAs, the interaction of IRAs with other types of plans, explanations for establishing and maintaining IRAs and simplified employee pensions, the use of IRAs to fund benefits and special requirements.
The Employee Plans Compliance Resolution System (EPCRS) contained in Revenue Procedure 2003-44 may be used to correct failures in qualified retirement plans, simplified employee pensions (SEPs), savings incentive match plans for employees (SIMPLE IRAs) and tax-sheltered annuities (403(b) plans).