Which is the retirement plan used for a tax-favorable IRA set up by or for the employee, where the employer contributes the funds into the account?

Name: Which is the retirement plan used for a tax-favorable IRA set up by or for the employee, where the employer contributes the funds into the account?
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Question

Quizplus · Accepted Answer

SEP, or Simplified Employee Pension plan, allows employers to contribute to traditional IRAs (SEP-IRAs) set up for employees, offering a tax-favorable retirement savings option.

Which Is the Retirement Plan Used for a Tax-Favorable IRA