Simplified Employee Pension (SEP) IRA
Definition An IRA based retirement plan established by an employer (business) for its employees. Under a SEP IRA, the employer makes SEP contributions to Traditional
Retirement Plans for Small Businesses
Employer-sponsored retirement plans that are ideally suited for business with 1 to 100 employees
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SBO 401(k)
Definition An SBO 401(k), is a 401(k) plan established by self-employed individuals for their businesses. Brand names for these plans include Individual-K, Solo-K and Uni-K
Small Business Job Protection Act of 1996
Definition Small Business Job Protection Act of 1996, Pub. L. 104-188 (SBJPA ) Act which include provisions that provided tax relief for small businesses, protect
SAR-SEP
Definition Salary Reduction Simplified Employee Pension Plan (SARSEP or SAR-SEP) A simple employee pension plan (SEP), to which employees may make salary deferral contributions. Definition
Safe Harbor 401(k) Plan
Definition 401(k) plans that make contributions in accordance with a safe-harbor formula, resulting in the plan not being subject to the ACP and ADP nondiscrimination
SIMPLE IRA 2-year rule
Definition 2-year restriction placed on transfers, rollovers and conversions of SIMPLE IRA assets. Under this restriction, SIMPLE IRA assets are ineligible to be transferred, rolled
