The University of Missouri (also, Mizzou, MU, or University of MissouriâColumbia) is a public land-grant research university located in Columbia, Missouri, U.S. It was founded in 1839 as the first public institution of higher education west of the Mississippi River.
A Simplified Employee Pension Plan (SEP) is a relatively uncomplicated retirement savings vehicles. A SEP allows employees to make contributions on a tax-favored basis to individual retirement accounts (IRAs) owned by the employees.
Pension plans are distinguished for financial reporting purposes in two ways. Whether the pensions an employee will receive will depend only on the contributions to the employeeâs account, actual earnings on investments of those contributions, and other factors (a defined contribution plan).