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K AN S AS C I T Y C O R P O R AT E C H AL L E N G SEPTEMBER 923, 2023KCCORPORATECHALLENGE.COM | 913.831.2222 | KCCORPORATECHALLENGE@GMAIL.COMSEPTEMBER The Kansas City Corporate Challenge Board of
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What is s e p t?
s e p t stands for Simplified Employee Pension Plan, a type of retirement plan for self-employed individuals or small business owners.
Who is required to file s e p t?
Self-employed individuals or small business owners with employees who want to set up a retirement plan may be required to file a s e p t.
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To fill out a s e p t, you will need to provide information about the plan participants, contributions made to the plan, and any distributions taken.
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The purpose of a s e p t is to provide a simple and cost-effective way for self-employed individuals and small business owners to save for retirement.
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Information such as participant contributions, employer contributions, and any investment gains or losses must be reported on a s e p t.
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