Retirement > Retirement
Should it be
an SEP or a 401K...something for the small business or a
compensation plan for the firm with many employees? We've got the
by small businesses, a simplified employee pension (SEP) plan is
essentially a company-sponsored individual retirement account
(IRA). Any employer, whether a corporation, partnership or a
self-employed individual may establish an SEP. This gives the
employer the opportunity to contribute a percentage of each
eligible employee's compensation directly to the employee's IRA.
today's competitive compensation packages for larger businesses
include a 401K plan which permits employees to defer a portion of
their wages on a pretax basis. A 401K frequently features an
employer matching provision for the business to contribute to the
plan equal to (a certain percentage of) the employee's
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