Which of the following characteristics describe SEP IRAs? (Check all that apply.) Multiple select question.
a) Sole proprietors age 50 or older cannot make "catch up" contributions to their plans.
b) The sole proprietor may establish a SEP IRA for herself without having to provide accounts for her employees.
c) SEP IRAs are easy to set up.
d) SEP IRAs are generally good plans for small businesses with a relatively large number of employees.
e) SEP IRAs have low administrative costs.