A simplified employee pension (SEP) plan is treated, under the law, as a Roth IRA with higher limits. a 401(k) with lower limits. a 403(b) with lower limits. an IRA with higher limits. A SIMPLE plan may be established either as an individual retirement account or a 401(k) 403(b). Roth IRA. Keogh plan. A qualified pension plan provides significant tax benefits to both employers and employees, including: employer contributions are not treated as compensation to the employee. earnings from the investments held in the plan are tax-deferred. no tax on plan assets until the amounts are distributed. All of the choices are correct