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Common use of SEP IRA Clause in Contracts

SEP IRA. If your employer offers a Simplified Employee Pension Plan (SEP), a separate IRA may be established to receive your employer’s contributions under the SEP arrangement. All SEP contributions are tax deductible to the employer, and any earnings grow tax deferred until distributed.

Appears in 4 contracts

Samples: Roth Ira Custodial Agreement, Retirement Account Customer Agreement, Ira Custodial Agreement