Model Simplified Employee Pension Plan

Click for Preview.
Click Back to return.

TABLE OF CONTENTS 

Article                                                                                                               

I.             Purpose      

II.             Definitions and Construction

            Definitions                                                                                            

            Principal Entities

            Determination of Contribution and Other Definitions

            Construction 

III.             Participation and Notifications

            Participation

            Notifications 

IV.            Contributions

            Contributions by Participants

            Excess Contributions

            Maximum Employer Contributions 

V.             Benefits 

VI.             Administration

            Fiduciary Responsibility

            Appointment of Committee

            Claims Procedure

            Records and Reports

            Other Committee Powers and Duties

            Rules and Decisions

            Notifications and Forms

            Indemnification of the Committee 

VII.              Employer Rights

            Nonguarantee of Employment

            Action by Employer

            Choice of Simplified Employee Pension

            Amendments

            Successor Employer

            Right to Terminate 

            Appendix A

            SEP allowing Salary Reduction