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For Employers

Simplified Employee Pension (SEP)

Simplified Employee Pension plans are ideal for small business owners and self-employed individuals. Gain tax advantages* while savings, just as you would with an IRA. However, SEPs are easier and less expensive to set up and operate. Show your employees you are invested in them by giving them a way to invest in their futures.

  • 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 funds
  • Earn competitive interest 
  • 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 
  • Higher contribution limits than other IRAs
  • Employer contributions may be tax deductible*
  • Employee funds are tax deferred*
  • No minimum deposit to open 

*Consult your tax advisor.