The owner of an unincorporated small business is considering whether to establish a simplified employee pension (SEP)

Question:

The owner of an unincorporated small business is considering whether to establish a simplified employee pension (SEP) plan for its employees.
a. What nontax factors might make an SEP attractive as an alternative to establishing a qualified pension or profit-sharing plan?
b. Is the owner of the small business eligible to make contributions on his or her behalf to the SEP?