Simplified Employee PensionSEP IRA
SEP IRA Plans give business owners a simpler way to contribute not only to their employee’s retirement plans but also their own.
Simplified Employee Pension Plan
A Simplified Employee Pension plan gives business owners a simpler way to contribute not only to their employees’ retirement plans, but also their own. Contributions are made to an Individual Retirement Account created for each participant (SEP-IRA) and follows the same investment, distribution, and rollover rules as traditional IRAs.
A Simpler Way To Save
SEP IRA’s are most often found in small professional employer offices due to the high contribution limits but have very specific requirements. If you’re a small business owner and want to put a lot of money away pretax, this might be the right plan for you. Call our office to discuss the specifics and make sure this works in your situation.