Which of the following statements regarding a SEP is true?
1. The maximum contribution to a SEP is the lesser of 100% of compensation or $53,000 for 2015.
2. A SEP is appropriate for an employer with many part-time employees who want to limit coverage under the SEP.
3. Contributions to a SEP must vest at least as rapidly as a 5 year cliff vesting schedule or 2 to 6 year graduated vesting schedule.
4. If a partnership makes a flat percentage contribution equal to 25% of all employees' salary for the year to a SEP, a partner earning $100,000 during the year would receive a $25,000 contribution.

Respuesta :

Answer:

All the statements are false

Explanation:

A simplified employee pension (SEP) retirement plan can be set up by an employer or by someone that is self-employed. The employer benefits from the SEP because his contributions are tax deductible. The employer's contributions to SEP individual retirement accounts is completely discretionary, they don't have to follow a fixed rate or amount. The contributions must be equally proportional to all full time employees. The main advantage of a SEP plan is that it is very simple to set up.