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Draft a plan document and obtain an irs determination

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Reference no: EM133002234

Which of the following are the minimum required steps in order for an eligible small business to establish a Simplified Employee Pension plan (SEP) for its employees:

-Draft a plan document and obtain an IRS determination letter to approve its use

-Complete form 5305-SEP

-File form 5305-SEP with the Internal Revenue Service

-File form 5500 following the completion of the first plan year

A. II only

B. II and III

C. II, III, and IV

D. All of the above

Reference no: EM133002234

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