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Sep plans provide a simplified method for you to make contributions to a retirement plan for yourself and your employees. Form 5305-sep (model sep) is used by an employer to make an agreement to provide benefits to all eligible employees under a simplified employee pension (sep) described in section 408(k). Jan 1, 2025very basic documents (irs provides a model form 5305-sep that can be used).

If you are self-employed or own your own unincorporated business, simply move step by step through this worksheet to calculate your sep ira contribution. A sep-ira plan is a cost-effective way for business owners to help prepare for a financially secure retirement. Retirement planning with the merrill lynch sep program er-sponsored retirement plan is a tremendous benefit.

Sep-ira contribution worksheet sheet to help calculate sep-ira contributions.