![]() Rambling RV's contribution rate (whether large or small) must be uniform for all employees. In good years, Rambling RV can make larger contributions for its employees and in down times it can reduce the amount. Rambling RV has chosen a SEP because the RV industry is cyclical in nature, with good times and down times. Rambling RV decides to establish a SEP for its employees. Employee is always 100% vested in (or, has ownership of) all SEP-IRA money.To traditional IRAs (SEP-IRAs) set up for each eligible employee.If Form 5305-SEP is used, cannot have any other retirement plan (except another SEP).Easily established by adopting Form 5305-SEP PDF, a SEP prototype or an individually designed plan document.A SEP does not have the start-up and operating costs of a conventional retirement plan and allows for a contribution of up to 25 percent of each employee's pay. ![]() Simplified Employee Pension (SEP) plans can provide a significant source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees. A business of any size, even self-employed, can establish a SEP. A SEP plan allows employers to contribute to traditional IRAs (SEP-IRAs) set up for employees.
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