A simpler alternative to a 401(k) plan available only to companies with 25 or fewer employees, which gives employees the opportunity to make contributions to their SEP accounts with pre-tax dollars and reduce their current year's net income. also called 408(k) plan. also called Salary Reduction Simplified Employee Pension (SARSEP) Plan.
Related information about 408(k) plan:
- 408(k) Plan Definition | Investopedia
A plan set up by an employer to help employees fund their retirement. The 408(k) plan is a simplified version of the popular 401(k) plan but is intended for ...
- What is 408(k) plan? definition and meaning
Definition of 408(k) plan: A simpler alternative to a 401(k) plan available only to companies with 25 or fewer employees, which gives employees the opportunity ...
- What is a 408(k) Plan? | Money Manager
Jun 16, 2010 ... A 408(k) is a plan that allows employees of smaller companies and those who are self-employed to save money for retirement. Although many ...
- Section 408 (K) Plan: Definition from Answers.com
Section 408 (K) Plan Section of the Internal Revenue Code that provides for simplified employee pensions (sep)
- What Is a 408K Retirement Plan? | eHow.com
References. Internal Revenue Service: SARSEPS FAQ · IRS: SARSEPS · Investor Words: 408(k) Plan. Resources. IRS Form 1099-R. Photo Credit money money ...
- What is a 408(k) plan? - by Atluri Ramesh - Helium
Apr 7, 2011 ... 408 (k) plan also called as Salary Reduction Simplified Employee Pension Plan. The plan is available to companies that run with below 25 ...
- 408(k)
This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition. A 408(k) Plan is...
- 408k Plans - Financial Web
All employee contributions to a qualified 408(k) plan are tax deferred and tax deductible in the current year. The employee does not pay taxes on employer ...