Help provide for the future and improve the benefits package for you and your employees with this retirement plan. You can contribute a certain percentage each year of each eligible employee's compensation directly to the employee IRA. Your employees will thank you!

Details
  • 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.