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Enhance your benefits package and help your employees save for retirement. This specialized account is ideal for small companies and self-employed individuals.

Details

• Ideal for businesses of any size or self-employed individuals
• Help employees reach their retirement savings goals
• Employee always has complete ownership of all SEP IRA money
• Earn competitive dividends on entire balance
• Contributions are tax deductible; your business pays no taxes on earnings*
  • Contributions made only by the employer
  • Only self-employed individuals may make contributions on their behalf
• Little to no documents to file with government
• Inexpensive to set up and operate
• Flexible annual contributions to accommodate changes in cash flow
• 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
• $500 minimum deposit to open