A SEP Plan Can Be Set Up So That

A SEP plan can be set up so that

A) All employees who are at least 21 years old and have worked for three of the past five years are covered
B) The corporation can handsomely reward the highly paid employees
C) The employees can make $2,500 in a SEP and an additional $2,500 tax-deductible contribution in an IRA
D) The employees can make tax-deferred contributions which are not currently deductible from taxes
E) The employees can avoid the 125 percent discrimination test even when the contributions are higher than $2,500