MLchartDataset catalogue

SEP-IRA

Term · Law · MLC-T-LAW-004487

A retirement savings account established under a Simplified Employee Pension (SEP) plan. Employers contribute directly to these individual retirement accounts on behalf of their eligible employees, including themselves if self-employed. Contributions are tax-deductible for the employer and grow tax-deferred until withdrawal, similar to a traditional IRA but with higher contribution limits.

Table 1. Record
IdentifierMLC-T-LAW-004487
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004487",
  "term": "SEP-IRA",
  "field": "Law",
  "definition": "A retirement savings account established under a Simplified Employee Pension (SEP) plan. Employers contribute directly to these individual retirement accounts on behalf of their eligible employees, including themselves if self-employed. Contributions are tax-deductible for the employer and grow tax-deferred until withdrawal, similar to a traditional IRA but with higher contribution limits.",
  "url": "https://mlchart.com/terminology/law/sep-ira/"
}

Record 4,560 of 5,441 in Law terminology (MLC-0107). Request the full dataset.