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If you are an employer setting up a SEP plan, you should complete IRS Form 5305-SEP if you are eligible to do so. This form is intended to help you set up your SEP plan and it is not filed with the IRS. Once you complete Form 5305-SEP, you should keep it on file with your business records. You can also use the form as a source for the information you are required to communicate to your employees about the SEP plan.
The file is in Adobe Portable Document Format (.pdf), and you will need the free Acrobat Reader to view and print the files.
Completing Form 5305-SEP