A retirement plan designed for self-employed people is the
A) 401(k)plan
B) profit-sharing plan
C) IRA plan
D) SEP plan

Name: A retirement plan designed for self-employed people is the A) 401(k)plan B) profit-sharing plan C) IRA plan D) SEP plan
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Question

Quizplus · Accepted Answer

The SEP plan, or Simplified Employee Pension plan, is specifically designed for self-employed individuals and small business owners, allowing them to make retirement contributions for themselves and their employees.

A Retirement Plan Designed for Self-Employed People Is the