Pioneer Investments Retirement Plans Pioneer Investments ...

Pioneer Investments Retirement Plans
SEP Step-By-Step
It’s Easy to Open a Pioneer SEP-IRA Account
1. Complete the Pioneer SEP Adoption Agreement in this booklet. (Keep the form for your records; you do not need to file it with the IRS.)
2. Complete the Pioneer SEP-IRA Application.
3. If you are transferring assets from an existing SEP-IRA to Pioneer, fill out the Pioneer Rollover/Transfer Form.
Pioneer will arrange the transfer for you.
4. Send the Application (and Rollover/Transfer Form, if applicable), along with your contribution check to:
Pioneer Investment Management Shareholder Services, Inc. (PIMSS)
P.O. Box 55014
Boston, MA 02205-5014
For overnight courier mail, please use the following address:
Pioneer Investment Management Shareholder Services, Inc. (PIMSS)
30 Dan Road
Canton, MA 02021-2809
Pioneer does not accept third party checks.
If You Have Employees
5. Provide all employees with the following:
• Letter announcing your plan (see the Sample Announcement Letter).
• Copy of Notice to Employees (exactly as shown in this booklet), which provides required IRS information.
• Copy of the Adoption Agreement (completed and signed).
• Copy of the Pioneer SEP Plan Document (also in this booklet).
6. Give all eligible employees a participant kit containing a SEP-IRA Application (and a Rollover/Transfer Form for those transferring assets).
Employees should complete and return these forms to you or the contact named in your announcement letter.
7. Complete and send a Pioneer SEP-IRA Remittance Form with all contribution checks.
PATRIOT Act Information
Important Information About Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions
to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow
us to identify you. We may also ask to see your driver’s license or other identifying documents.
Foreign Banks and Foreign Intermediaries will need to provide additional information to comply with Section 312 of the USA PATRIOT Act.
Please talk to your investment professional or call Pioneer at 1-800-622-0176 if you have any questions about completing this application.
For information about Pioneer’s privacy policy, see the Privacy of Customer Information brochure that accompanies each Fund’s prospectus.
Check each Fund’s prospectus for information about the share classes available and which is suitable for your investment. This plan is intended
for US citizens only.

Pioneer Investments Retirement Plans
This booklet contains:
• Adoption Agreement
• Plan Document
• Sample Announcement Letter
• Notice to Employees
• Remittance Form
• Contribution Worksheet

Pioneer Investments Retirement Plans
SEP Adoption Agreement
A Simplified Employee Pension Plan
1 ADOPTING THE PLAN
The Employer named below hereby adopts a Pioneer Simplified Employee
Pension Plan to provide, for the Participants therein, Individual Retirement
Account benefits in accordance with Section 408(k) of the Internal
Revenue Code of 1986, as amended (the “Code”).
2 THE EMPLOYER
Business Name
Business Address
Fiscal Year for Federal Income Tax Purposes:
Calendar Year; or
Other Year beginning the_______ day of _________, each year.
3 NAME OF PLAN
The Simplified Employee Pension Plan shall be known as the :
Business Name
Simplified Employee Pension Plan (the “Plan”).
4 ADOPTION AS AMENDMENT TO EXISTING PLAN
If checked, the adoption of this Plan constitutes an amendment of the
Employer’s existing Simplified Employee Pension Plan by deleting the
provisions of the existing Plan and substituting this Plan in lieu thereof.
5 EFFECTIVE DATE
The effective date of the Plan or amendment shall be:
The Effective Date shall be no later than the date the Plan or amendment is
adopted by the Employer; provided, however, that if this Plan is adopted as a
plan amendment (including amendments required to maintain plan qualification
as a Simplified Employee Pension Plan under the Internal Revenue Code
as amended by the Tax Reform Act of 1986, or other relevant legislation) plan
provisions shall be effective retroactively to the extent necessary to maintain
plan qualification under relevant legislation, regulations, revenue rulings and
notices under the Code.
6 ELIGIBILITY REQUIREMENTS
An Employee is a Participant in the Plan if the Employee:
(a) is at least __________ years old (must not exceed 21); and
(b) has been an Employee of the Employer during __________
(not to exceed three (3) of the immediately preceding
five (5) Plan Years.
Service with a Predecessor Employer:
If checked, service with a predecessor employer shall be considered for purposes
of determining eligibility under this Plan. Service with a predecessor
employer shall be considered in any event if the predecessor employer also
maintained this Plan and the Plan has been continued by the Employer. An
employer shall be a “predecessor employer” for purposes of this section
only if the Employer has succeeded to its assets and continues to conduct
all or a substantial part of the business of such employer.
Exclusion of Union Employees. There shall be excluded from the Plan
all Employees who are members of a union with which the Employer
has a collective bargaining agreement, directly or through an employer’s
association, under the terms of which retirement benefits were the subject
of good faith bargaining (unless such agreement provides that such
Employees are to be included in the Plan).
7 EMPLOYER CONTRIBUTIONS
The Employer elects to make discretionary contributions for each Plan Year on
behalf of each Participant allocated as follows:
Nonintegrated Contribution Allocation Formula. Any Employer’s discretionary
contribution shall be allocated to each Participant in an amount equal
to a percentage of Compensation determined annually by the Employer.
Integrated Contribution Formula. If checked, the Employer’s contribution
shall be allocated to each Participant in accordance with the Integrated
Contribution Allocation Formula in Section 1.3(a) of the Plan.
8 TOP-HEAVY REQUIREMENTS
If applicable, name below the plan other than this Plan in which the minimum
top-heavy contribution will be made.
9 SIGNATURES
The Employer understands that:
(i) The Adoption Agreement and related Simplified Employee Pension Plan are
provided for consideration by counsel for employers wishing to establish
the Plan under the Code;
(ii) The Employer should consult the Employer’s own tax advisor concerning
the completion of this Adoption Agreement and all tax and legal aspects
of the Plan, the responsibility for which is assumed by the undersigned
Employer;
(iii) Contributions to this Plan are deductible by the Employer for the taxable
year with or within which the Plan Year of the Plan ends; and
(iv) Contributions made for a particular taxable year and contributed by the
due date of the Employer’s income tax return, including extensions, are
deemed made in that taxable year.
Signed this ____________ day of _______________________, 20______
Business Name
By: X
Authorized Signature
Pioneer Investment Management USA Inc. will inform the Employer of any
amendment to the Plan or the discontinuance or abandonment of the Plan.
If you have questions about this Plan, please write or call Pioneer Investment
Management USA Inc. at: 60 State Street, Boston, Massachusetts, 02109,
(617) 742-7825.

SEP Plan Document
A Simplified Employee Pension Plan
ARTICLE I – Establishment of Simplified Employee
Pension Plan
1.1 The Employer named on the Adoption Agreement hereby adopts a Pioneer
Simplified Employee Pension Plan to provide, for the Participants therein,
Individual Retirement Account benefits in accordance with Section 408(k)
of the Internal Revenue Code of 1986, as amended (the “Code”).
1.2 ELIGIBILITY REQUIREMENTS
An Employee is a Participant in the Plan if the Employee satisfies the
requirements in the Adoption Agreement.
1.3 CONTRIBUTIONS AND ALLOCATION FORMULA
For each Plan Year, the Employer will contribute to the SEP-IRA of each
Participant an amount determined in accordance with the selections
made in the Adoption Agreement. The Employer’s contributions for any Plan
Year shall be payable no later than the time prescribed by law for filing
the return (including extensions) for the taxable year with or within which
the Plan Year ends. Contributions shall not discriminate in favor of Highly
Compensated Employees.
(a) Employer Contributions. The Employer elects to make discretionary
contributions for each Plan Year on behalf of each Participant allocated
in accordance with the following formulas as elected on the Adoption
Agreement:
Nonintegrated Contribution Allocation Formula. Any Employer’s discretionary
contribution shall be allocated to each Participant in an amount
equal to a percentage of his Compensation determined annually by the
Employer.
Integrated Contribution Allocation Formula. Any Employer’s discretionary
contribution shall be allocated to each Participant in an amount equal to
the sum of:
(i) A percentage (the “Base Percentage”) of the Participant’s Compensation
not in excess of the taxable wage base, and
(ii) A percentage (the “Excess Percentage”) of the Participant’s Compensation
in excess of the taxable wage base; provided however, that the Excess
Percentage shall not exceed the Base Percentage by more than the lesser
of the Base Percentage or the percentage equal to the portion (not less
than 5.7 percent) of the OASDI tax rate under Code Section 3111(a)
(in effect as of the beginning of the Plan Year) which is attributable to old
age insurance.
The taxable wage base is the maximum amount of earnings which may be
considered wages for such year under Section 3121(a)(1) of the Code in
effect as of the beginning of the Plan Year.
(b) Limitation on Contributions. The Employer’s contribution on behalf of
each Participant for any Plan Year determined under paragraph (a) above,
when aggregated with contributions to all other SEPs and qualified plans
of the Employer, shall not exceed the limitation in effect under Code
Section 415(c)(1)(A).
(c) The Employer shall not make a contribution for any Plan Year on behalf
of any Employee whose Compensation (as defined in Code Section
414(q)(7) was less than $300 (or such other amount as may be prescribed
by the Secretary of the Treasury or his delegate) for such Year.
(d) Top-Heavy Requirements. Unless another plan of the Employer is designated
on the Adoption Agreement to satisfy the top-heavy requirements of
Section 416 of the Code, each year this Plan is top-heavy (as defined in
Section 2.10 below) the Employer will make a minimum contribution to the
SEP-IRA of each non-Key Employee eligible to participate, which, in combination
with other nonelective contributions, if any, is equal to the lesser of
three percent of such Employee’s Compensation or a percentage at which
elective and nonelective contributions are made under the Plan for the
Plan Year for the Key Employee for whom such percentage is the largest.
For purposes of satisfying the minimum contribution requirement under Section
416 of the Code, all nonelective contributions under the Plan shall be taken
into account.
ARTICLE II – Definitions
As used in the Plan, the following terms shall have the meaning hereinafter set
forth, unless a different meaning is plainly required by the context.
2.1 “Code” shall mean the Internal Revenue Code of 1986, as amended from
time to time.
2.2 “Compensation” shall mean:
(a) Compensation is defined as wages as defined in Section 3401(a) and
all other payments of compensation to an Employee by the Employer
(in the course of the Employer’s trade or business) for which the Employer
is required to furnish the Employee a written statement under Sections
6041(d) and 6051(a)(3) of the Code. Compensation must be determined
without regard to any rules under Section 3401(a) that limit the
remuneration included in wages based on the nature or location of
the employment or the services performed (such as the exception for
agricultural labor in Section 3401(a)(2)) and
(b) earned income within the meaning of Section 401(c)(2) of the Code,
including net earnings from self-employment to the extent such net
earnings constitute compensation for personal services actually
rendered in the business covered by this Plan.
In addition to other applicable limitations set forth in the Plan, and notwithstanding
any other provision of the Plan to the contrary, the annual Compensation
of each Employee taken into account under the Plan shall not exceed
$150,000 as adjusted by the Commissioner for increases in the cost of living
n accordance with Section 401(a)(17)(B) of the Code. The cost-of-living
adjustment in effect for a calendar year applies to any period, not exceeding
12 months, over which Compensation is determined (determination period)
beginning in such calendar year. If a determination period consists of fewer
than 12 months, annual Compensation limit will be multiplied by a fraction,
the numerator of which is the number of months in the determination period,
and the denominator of which is 12.
Any reference in the Plan to the limitation under Section 401(a)(17) of the
Code shall mean the annual Compensation limit set forth in this provision.
Compensation shall not include any contribution to this Plan and any amount
received as a pension or annuity or as deferred compensation and compensation
shall include only that compensation which is actually paid to the
Participant during the year; provided, however, that for Plan Years commencing
after December 31, 1997, compensation shall include any elective deferrals
(as defined in Section 402(g)(3)) and any amount that is contributed or
deferred by the Employer at the election of the Employee and which is not
includible in gross income by reason of Section 125 or Section 457 of the
Code. Notwithstanding any provisions of this Plan to the contrary, Compensation
shall be defined as may be required by Sections 408 and 414(s) of the Code
or other applicable provisions in order to preserve the qualification of this
Plan as a Simplified Employee Pension Plan and to assure the deductibility of
contributions to the Plan.
2.3 “Employee”:
(a) “Employee” shall mean an individual who is employed by the Employer,
including an employee within the meaning of Section 401(c)(1) of the
Code. The term “Employee” shall include a leased Employee who is
required to be treated as an Employee of the Employer under Section
414(n) of the Code but shall not include an independent contractor.
(b) “Key Employee” shall mean any Employee or former Employee (and the
beneficiaries of these employees) who, at any time during the Plan Year
or any of the four preceding Plan Years, is one of the following: (i) an
officer of the Employer whose annual Compensation is greater than 50
percent of the dollar limitation in effect under Section 415(b)(1)(A) of
the Code; (ii) an owner of one of the ten largest interests in the Employer
(if the Employee’s Compensation exceeds 100% of the limit under Section

415(c)(1)(A)); (iii) a 5% owner of the Employer as defined in Section
416(i)(1)(B)(i) of the Code; or (iv) a 1% owner of the Employer having an
annual Compensation from the Employer of more than $150,000.
(c) “Highly Compensated Employee” shall mean an individual described in
Section 414(q) of the Code who:
(i) During the current or preceding year was a 5% owner as defined in Section
416(i)(1)(B)(i) of the Code; or
(ii) For the preceding year, received Compensation in excess of $80,000,
as adjusted pursuant to Section 414(g) and 415(d) of the Code, and,
if the Employer elects, was in the top-paid group of Employees for such
preceding year (the top 20% of Employees, by Compensation).
2.4 “Employer” shall mean the Employer named in the Adoption Agreement.
The term shall also include any corporation which together with the
Employer forms a controlled group of corporations within the meaning
of Code Section 414(b) or any other trade or business which is under
common control with the Employer within the meaning of Code Section
414(c) or any other employer required to be aggregated under Code
Section 414(o). All members of an “affiliated service group” as defined
in Section 414(m) of the Code will be considered a single employer for
purposes of determining eligibility to participate in the Plan and any
contribution under the Plan will be based upon all the Compensation
(to the extent permitted by law and the Plan) received from all members of
the affiliated service group during the Plan Year for which the contribution
is made.
2.5 “Family member” shall mean an individual who is related to a Highly
Compensated Employee as a spouse, or as a lineal ascendant (such as
a parent or grandparent) or descendant (such as a child or grandchild) or
spouse of either of those, in accordance with Section 414(q) of the Code
and the regulations thereunder.
2.6 “Plan” shall mean this Simplified Employee Pension Plan (including the
Adoption Agreement) together with any and all amendments.
2.7 “Plan Year” shall mean the fiscal year of the Employer as specified in the
Adoption Agreement. The first Plan Year shall be the Employer’s fiscal year
which includes the effective date of the Plan. In the event there is a short
Plan Year because of the conversion of the Plan Year from a calendar year
to a fiscal year or otherwise, such short year shall be treated as a separate
Plan Year for eligibility purposes and if the Plan is integrated, the Taxable
Wage Base shall be reduced to equal that amount which bears the same
ratio to the Taxable Wage Base as the number of days in the short year
bears to 365.
2.8 “Simplified Employee Pension Plan” or “SEP” shall mean a Simplified
Employee Pension Plan as defined in Section 408(k) of the Code.
2.9 “SEP-IRA” or “IRA” shall mean the Pioneer Individual Retirement Account
established by a Participant or if contributions thereto are not equal to or
greater then the minimum amounts required for such accounts, another
Individual Retirement Account selected and established by the Participant,
or as provided under Section 3.2 of Article III, by the Employer. In any
case, such Individual Retirement Account shall meet the requirements of
Subsections 408(a), 408(j) and 408(k) of the Code.
2.10 This Plan is “top-heavy” for a Plan Year if, as of the last day of the previous
Plan Year (or current Plan Year if this is the first year of the Plan) the total
of elective and nonelective contributions made on behalf of Key Employees
for all the years this Plan has been in existence exceeds 60% of such
contributions for all Employees. If the Employer maintains (or maintained
within the prior five years) any other SEP or defined contribution plan in
which a Key Employee participates (or participated), the contributions or
account balances, whichever is applicable, must be aggregated with the
contributions made to this Plan. The contributions (and account balances,
if applicable) of an Employee who ceases to be a Key Employee or of an
individual who has not been in the employ of the Employer for the previous
five years shall be disregarded. The identification of Key Employees and
the top-heavy calculation shall be determined in accordance with Section
416 of the Code and the regulations thereunder.
ARTICLE III – Eligibility and Participation
3.1 An Employee who has satisfied the eligibility requirements specified in
the Adoption Agreement as of the effective date of the Plan shall be a
Participant as of such date. An Employee who thereafter satisfies the
eligibility requirements specified in the Adoption Agreement shall become
a Participant as of the first day of the calendar month in which such
eligibility requirements are met.
3.2 When an Employee becomes a Participant, the Employer shall arrange for
him to apply for a SEP-IRA. Such application shall be made no later than
the time at which the Employer makes its first contribution on behalf of the
Participant. A SEP-IRA will be established by the Employer on behalf of an
Employee who fails to do so.
ARTICLE IV – Excess SEP Contributions
4.1 The Employer shall notify each affected Highly Compensated Employee,
within 2-1/2 months following the end of the Plan Year to which the
excess SEP contributions relate, of any excess SEP contributions to the
Highly Compensated Employee’s Account for the applicable year. Such
notification shall specify the amount of the excess SEP contributions and
the calendar year in which the contributions are includible in income and
must provide an explanation of applicable penalties if the excess
contributions are not withdrawn in a timely fashion.
4.2 Income allocable to the excess SEP contributions is includible in the year
of withdrawal from the SEP-IRA.
4.3 If the Employer fails to notify any of the affected Employees within 2-1/2
months following the end of the Plan Year of an excess SEP contribution,
the employer must pay a tax equal to 10% of the excess SEP contribution.
If the Employer fails to notify Employees by the end of the Plan Year following
the Plan Year in which the excess SEP contributions arose, the SEP no
longer will be considered to meet the requirements of Section 408(k)(6)
of the Code. If the SEP no longer meets the requirements of Section
408(k)(6), then any contribution to an Employee’s IRA will be subject to
the IRA contribution limitations of Sections 219 and 408 and thus may be
considered an excess contribution to the Employee’s IRA.
4.4 The notification to each affected Employee of the excess SEP contributions
must specifically state in a manner calculated to be understood by the
average Employee:
(a) The calendar year in which the excess SEP contributions are includible in
gross income; and
(b) That the Employee must withdraw the excess SEP contributions
(and allocable income) from the SEP-IRA by April 15 following the year
of notification by the Employer. Those excess contributions not withdrawn
by April 15 following the year of notification will be subject to the IRA
contribution limitations of Sections 219 and 408 of the Code for the
preceding calendar year and thus may be considered an excess contribution
to the Employee’s SEP-IRA. Such excess contributions may be subject
to the six percent tax on excess contributions under Code Section 4973.
If income allocable to an excess SEP contribution is not withdrawn by April
15 following the year of notification by the Employer, the income may be
subject to the ten percent tax on early distributions under Code Section
72(t) when withdrawn.
ARTICLE V – Administration
5.1 The Named Fiduciary (as that term is defined under the Employee Retirement
Income Security Act of 1974, as amended from time to time) shall
be the Plan Administrator.
5.2 The Employer, or one or more persons appointed by the Employer, shall be
the Plan Administrator. The Plan Administrator shall be responsible for the
operation of the Plan in accordance with its terms. The Plan Administrator
shall determine all questions arising out of the administration, interpretation
and application of the Plan, which determinations shall be conclusive
and binding on all persons.
The Plan Administrator shall be responsible for providing such returns,
reports, descriptions and statements as are required of the Employer
by law, within the time prescribed by law and making them available for
examination by Participants and their beneficiaries when required by law.

5.3 All administrative expenses shall be paid by the Employer; provided,
however, that the Employer shall not be responsible for any custodian fees
assessed in connection with any SEP-IRA.
ARTICLE VI – Amendment and Termination
6.1 The Plan may at any time and from time to time be modified, amended
or terminated (including retroactive amendments) by the Employer,
or, as long as the Plan continues to include Pioneer Individual Retirement
Accounts, by Pioneer Investment Management USA Inc. Any such
modification, amendment or termination shall be in writing signed by
the Employer or Pioneer Investment Management USA Inc. and communicated
to all appropriate parties as required by law. The Employer shall
be deemed to have consented to any such amendment by The Pioneer
Group, Inc.
6.2 Except to the extent required under Section 1.3(d) of Article I, the Employer
is not and shall not be under any obligation or liability whatsoever to
make contributions to, or to maintain, the Plan for any given length of time
and may in its sole and absolute discretion discontinue such contributions
or terminate the Plan without any liability whatsoever for such discontinuance
or termination.
6.3 An Employer who has ever maintained a defined benefit plan which is
now terminated may not participate in this Pioneer Simplified Employee
Pension Plan as a prototype plan and this Plan will be considered to be
an individually designed plan. If, subsequent to adopting this plan, any
defined benefit plan of the Employer terminates, the Employer will no
longer participate in this prototype plan and will be considered to have an
individually designed plan.
IRS Opinion Letter
ARTICLE VII – Miscellaneous
Below is the Internal Revenue Service opinion letter approving the form of the Pioneer Simplified Employee Pension Plan.
7.1 Neither the establishment of the Plan nor any modification thereof, nor
the creation of any account, nor the payment of any contributions shall
be construed as giving to any Participant or any other person any legal
or equitable right against the Employer, except as specifically provided
herein; and in no event shall the terms of employment of any Employee
or Participant be modified or in any way affected hereby.
7.2 The masculine pronoun, whenever used herein, shall include the feminine
pronoun, and the singular shall include the plural.
7.3 This Plan must be used in conjunction with an Individual Retirement
Account (as defined in Section 408 of the Code) for which the Internal
Revenue Service has issued a favorable opinion letter.

Pioneer Investments Retirement Plans
Pioneer Investments Retirement Plans
Sample Announcement Letter
Dear Employee:
We are pleased to announce that beginning _______________________, our company will offer a new retirement
plan, called a Simplified Employee Pension Plan, or SEP. As an eligible employee, you are entitled to any contributions
that the company makes to the plan. All contributions made on your behalf will be invested directly into an IRA-type
account, called a SEP-IRA. Here are some of the benefits this plan offers:
• You can choose among a variety of professionally managed investment options.
• Earnings on your contributions grow tax-deferred.
• There are no vesting schedules, so you immediately own 100% of all money in your account.
[select one of the paragraphs below, based on how you plan to handle enrollment]
To introduce the SEP plan, we’ve scheduled an enrollment meeting to take place on _________________________.
You’ll hear all about the plan’s features and investment choices, and will be able to ask any questions you might have.
[or]
To sign up for the SEP plan, simply fill out the SEP-IRA Application (and Rollover/ Transfer Form if transferring assets
from another retirement plan) and return them to _____________________.
If you have any questions about the plan, please contact ______________________.

Pioneer Investments Retirement Plans
Notice to Employees for 2007
The information below explains what a SEP is, how contributions are
made and how to treat your employer’s contributions for tax purposes.
For more information, see IRS Publication 590.
Questions and Answers
1. What is a simplified employee pension, or SEP?
A SEP is a written arrangement (a plan) that allows an employer to
make contributions toward your retirement. Contributions are made
to an individual retirement account (IRA).
Your employer will provide you with a copy of the agreement (including
the adoption agreement) containing participation rules and a description
of how employer contributions may be made to your IRA.
All amounts contributed to your IRA by your employer belong to you even
after you stop working for that employer.
2. Must my employer contribute to my IRA under the SEP?
No. An employer is not required to make SEP contributions. If a contribution
is made, it must be allocated to all the eligible employees according
to the SEP agreement. Pioneer Prototype SEP specifies that the contribution
for each eligible employee will be the same percentage of compensation
(excluding compensation higher than $225,000) for all employees.
However, if the plan is integrated with Social Security, the employer
uses a contribution formula that applies one percentage to earnings
below the Social Security taxable wage base and a higher percentage to
earnings above that level.
3. How much may my employer contribute to my SEP-IRA in any year?
Your employer will determine the amount to be contributed to your IRA
each year. However, the amount for 2007 is limited to the smaller of
$45,000 or 25% of your compensation for that year. Compensation does
not include any amount that is contributed by your employer to your IRA
under the SEP. Your employer is not required to make contributions every
year or to maintain a particular level of contributions.
4. How do I treat employer SEP contributions for my taxes?
Employer contributions to your SEP-IRA are excluded from your income
unless there are contributions in excess of the applicable limit.
See Question 3. Employer contributions within these limits will not be
included on your Form W-2.
5. May I contribute to a regular IRA if I am a participant in a SEP?
Yes. You may contribute the lesser of $4,000 ($5,000 if age 50 or older)
or 100% of your compensation to an IRA. However, the amount you can
deduct may be reduced or eliminated because, as a participant in a SEP,
you are covered by an employer retirement plan.
6. Are there any restrictions on the IRA I select to have my SEP contributions
deposited in?
Contributions must be made to a master or prototype IRA for which the
IRS has issued a favorable opinion letter. The prototype Pioneer IRA is
such an approved prototype.
7. What if I do not want to participate in a SEP?
If your employer does not require you to participate in a SEP as a condition
of employment, and you elect not to participate, all other employees
of your employer may be prohibited from participating. If one or more
eligible employees do not participate and the employer tries to establish
a SEP for the remaining employees, it could cause adverse tax consequences
for the participating employees.
8. Can I move funds from my SEP-IRA to another tax-sheltered IRA?
Yes. You can withdraw or receive funds from your SEP-IRA if, within
60 days of receipt, you place those funds in another IRA or SEP-IRA.
This is called a “rollover” and can be done without penalty only once
in any one-year period. However, there are no restrictions on the number
of times you may make “transfers,” if you arrange to have these funds
transferred between the trustees or the custodians so that you never
have possession of the funds.
9. What happens if I withdraw my employer’s contribution from my IRA?
You may withdraw your employer’s contribution at any time, but any
amount withdrawn is includible in your income unless rolled over. Also,
if withdrawals occur before you reach age 59 1⁄ 2, you may be subject to
a tax on early withdrawal.
10. May I participate in a SEP even though I am covered by another plan?
Yes. You may participate in a SEP even though you participate in another
qualified retirement plan of the same employer. If you work for several
employers, you may be covered by a SEP of one employer and a different
SEP, pension or profit-sharing plan of another employer.
11. What happens if too much is contributed to my SEP-IRA in one year?
Contributions exceeding the yearly limitations may be withdrawn
without penalty by the due date (plus extensions) for filing your tax
return (normally April 15), but are includible in your gross income.
Excess contributions left in your SEP-IRA account after that time may
have adverse tax consequences. Withdrawals of those contributions
may be taxed as premature withdrawals. See Question 9.
12. Is my employer required to provide me with information about SEP-IRAs and
the SEP agreement?
Yes. Your employer must provide you with a copy of the completed SEP
Agreement and a yearly statement showing any contributions to your IRA.
13. Is the financial institution where my IRA is established required to provide
me with information?
Yes. It must provide you with a disclosure statement that contains the
following information in plain, nontechnical language.
1. The law that relates to your IRA.
2. The tax consequences of various options concerning your IRA.
3. Participation eligibility rules, and rules on the deductibility of
retirement savings.
4. Situations and procedures for revoking your IRA, including the name,
address, and telephone number of the person designated to receive
notice of revocation. (This information must be clearly displayed at the
beginning of the disclosure statement.)
5. A discussion of the penalties that may be assessed because of
prohibited activities concerning your IRA.
6. Financial disclosure that provides the following information:
a. Projects value growth rates of your IRA under various contribution
and retirement schedules, or describes the method of determining
annual earnings and charges that may be assessed.
b. Describes whether, and for when, the growth projections are
guaranteed, or a statement of the earnings rate and the terms
on which the projections are based.
c. States the sales commission for each year expressed as a
percentage of $1,000.
In addition, the financial institution must provide you with a financial
statement each year. You may want to keep these statements to evaluate
your IRA’s investment performance.

Pioneer Investments Retirement Plans
SEP-IRA Contribution Remittance Form
Please enclose this form with your check made payable to Pioneer Investment Management Shareholder Services, Inc. (PIMSS).
To: Pioneer Investment Management Shareholder Services, Inc. (PIMSS), P.O. Box 55014, Boston, MA 02205-5014
From:
Employer Name
Street Address City State Zip Code
Contact Name
Participant Name* Social Security Number Contribution Amount
*If adding a new participant, please enclose a Pioneer SEP-IRA Application.
Total Contribution Amount $________________________________________
(If total does not match amount shown on check, please attach explanation.)

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Pioneer Investments Retirement Plans
Integrated Contribution Formula Worksheet
The purpose of an integrated plan is to favor your higher-paid employees, including yourself. You can choose to integrate by checking the appropriate
box in Section 7 of the Pioneer SEP Adoption Agreement. (Note: If you have more than one plan, only one can be integrated with Social Security.)
When you’re ready to allocate the plan contribution, use this worksheet to determine how much each employee will receive.
Example of integrated formula using the following assumptions:
• Social Security Taxable Wage Base of $97,500 for 2007 1
• Employer contribution of $25,000 to be allocated between participants “X” and “Y”
For each participant calculate:
(a) Total compensation (do not include amounts over $225,000 2 )
(b) Excess compensation (amounts above the taxable wage base)
(c) Total and excess compensation combined (“a” plus “b”)
(d) Compensation ratio (“a” divided by the sum of all participants’ compensation)
(a)
Total
Compensation
(b)
Excess Compensation
(over $97,500 1 )
(c)
Total+Excess Compensation
(a + b)
(d)
Compensation Ratio
(a/sum of a)
X $200,000 $102,500 $302,500 80%
Y $50,000 0 50,000 20%
Total $250,000
Allocation to X Allocation to Y Employer contributions remaining
Steps:
after each step
1. Calculate 3% of total compensation (a) $6,000 $1,500 $25,000 - 7,500 = $17,500
2. Calculate 3% of excess compensation (b) 3,075 0 $17,500 - 3,075 = $14,425
3. Calculate 2.7% of total plus excess compensation (c) 8,168 1,350 $14,425 - 9,518 = $ 4,907
4. Allocate remaining contribution using compensation ratio (d) 3,926 981 $ 4,907 - 4,907 = $ 0
Total Contribution $21,169 $3,831
Use the spreadsheet below to calculate the contribution allocation for your company. Or, if you have more than one participating employee, set up
your own spreadsheet using this as a template.
Note: If the employer’s contribution is not sufficient to perform all steps, complete each step to the extent possible until the total contribution is
exhausted. Do not allocate more than 25% of compensation or $45,000 to any participant.
Name
(a)
Total
Compensation
(b)
Excess Compensation
(over $97,500 1 )
(c)
Total+Excess
Compensation (a + b)
(d)
Compensation Ratio
(a/sum of a)
Total
___________
Steps: Participant #1 Participant #2
1. Calculate 3% of total compensation (a)
2. Calculate 3% of excess compensation (b)
3. Calculate 2.7% of total plus excess compensation (c)
4. Allocate remaining contribution using compensation ratio (d)
Total Contribution ___________ ___________
1
$94,200 for 2006.
2
This amount reflects the cost-of-living in effect on January 1, 2007. The amount is adjusted periodically and is announced in the Internal Revenue Bulletin.
Employer contributions
remaining after each step

Securities offered through Pioneer Funds Distributor, Inc., 60 State Street, Boston, MA 02109.
Underwriter of Pioneer mutual funds, Member SIPC ©2007 Pioneer Investments • pioneerinvestments.com 17433-01-0607