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Investments glossary

408(k) Plan


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Quotes of the day:

Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil

— Golda Meir

A 408(k) account, commonly referred to as a Simplified Employee Pension (SEP) plan, is an employer-sponsored, retirement savings plan. The 408(k) plan is a simplified version of the popular 401(k) plan; however, it is intended for smaller companies, such as those with fewer than 25 employees.

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