Simplified Employee Pension Plan (SEP IRA)

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Invest in yourself, your employees, and your business with one simple solution. Our simplified employee pension plan helps business owners and self-employed individuals secure a brighter financial future.

Competitive interest and tax advantages* help entrepreneurs and employees get the most from their golden years. Business owners can boost morale by making annual, tax-deductible* contributions to employee plans. Best of all, SEP IRAs are easy to set up and operate — because showing your appreciation shouldn’t be a source of stress.

Summary
  • Ideal for businesses of any size or self-employed individuals
  • Gain the respect of your employees
    • Help employees reach their retirement savings goals
    • Employee always has complete ownership of all SEP IRA money
  • Earn competitive interest on entire balance
  • Contributions are tax deductible; your business pays no taxes on earnings
    • Contributions made only by the employer
    • Only self-employed may make contributions on their own behalf
  • Little to no documents to file with government
  • Inexpensive to set up and operate
  • Flexible annual contributions – good plan if cash flow is unpredictable
  • Can contribute up to 25% of each participant's annual compensation (earned income)
    • Or, up to the maximum allowable limit for current plan year, whichever is less*
    • Must contribute equally for all employees
  • Employee must first establish a traditional IRA, in which the employer will deposit SEP contributions
  • No minimum deposit to open

*Consult a tax advisor.

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