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Model Simplified Employee
Pension Plan
A simplified employee pension plan is usually one of the easiest
and least expensive ways for a small employer to provide
employees with a retirement plan. Although a SEP is generally
regarded as one of the simplest forms of retirement plans, it is
still subject to complex — and sometimes confusing —
regulations. A small business owner is faced with a surprising
number of obligations regarding contributions, tax deductions,
record keeping, employee notification, etc.
The attached file contains a sample simplified employee pension
plan that illustrates the essential elements of a SEP. The plan
is intended as a sample, and not as plan document that can be
used, without modification, as your plan document. It may serve
as a starting point in drafting a plan document that suits your
particular needs. Or it might serve as a launching point for
discussions with your attorney regarding the advisability and
features of a plan that you might choose to offer. In any event,
understanding what is required of you, and what must be
contained in a plan document, will save you time and money in
deciding whether to offer a plan and, if so, what the plan will
provide.
The file is in rich text format (RTF) that is suitable for use
with most word processing programs used in the Windows
environment. |
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 Download
Now: SEP plan |
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