Simplified Employee Pension (SEP) Plans       




This course provides a basic understanding of simplified employee pension (SEP) plans, including the concepts of employer and employee eligibility and an employer's annual operation of a SEP plan. It focuses on SEP plan establishment and operation when an employer uses Internal Revenue Service (IRS) Form 5305-SEP, Simplified Employee Pension - Individual Retirement Accounts Contribution Agreement. The course also reviews the responsibilities of an employer, its employees, and a financial organization in the successful operation of a SEP plan.


1.5 Hour(s)


  • Recognize the purpose of a SEP plan and how it differs from other types of employer sponsored retirement plans and individual retirement accounts (IRAs).
  • Identify an employer's SEP plan eligibility requirements.
  • Identify a SEP plan's employee eligibility requirements.
  • Describe how a SEP plan is established.
  • Describe an employer's annual SEP plan contribution process.
  • Recognize annual reporting requirements.

     72B3R4.0

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