what are the requirements of a sep plan?
<answer> The SEP IRA is very egalitarian and requires that contributions for employees be at the same percentage of income as for the business owner. <context> Is the SEP IRA a good retirement plan option for a family business employing their children? Yes. The SEP IRA is very egalitarian and requires that contributions for employees be at the same percentage of income as for the business owner. SEP IRA contributions are made by the employer and the contributions are vested immediately.