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Your employees work hard for you today — make it a little easier for them later in life with a SEP retirement account.

Key Features

  • Competitive Dividends
  • No Setup or Maintenance Fees
  • Tax Advantages
  • Simplified Employee Pension (SEP IRA)
  • 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
  • Minimum deposit varies depending on account

 *Consult Your Tax Advisor.

1Consult a tax advisor.