John has a small busines plan where the employer contributes to an IRA that's established for each eligible employee. With this plan, the contribution limits are significantly higher than they are for traditional IRAs and Roth IRAs. This plan is known as a/an_________ Question 15 options: 1) defined benefit plan. 2) simplified employee pension (SEP) plan. 3) 401(k) plan. 4) 403(b) plan