Take Charge of Retirement Contributions with SEP IRA

Employers can decide how much to contribute yearly based on the business’s profitability. An SEP IRA is a retirement plan that allows employers to contribute to traditional IRAs (SEP-IRAs) for their employees

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For Employers

Less paperwork, more control.

High Contribution Limits : Employers to contribute up to 25% of an employee’s compensation, up to the annual limit set by the IRS.

Potential Tax Advantages Employer contributions are tax-deductible, reducing taxable income.

Low Admin Cost :No start-up and operating costs of a conventional retirement plan

For Employees

Zero Impact on Take-Home Pay

Direct Contributions: Contributions go directly to SEP-IRAs, boosting retirement savings without impacting take-home pay.

Tax Benefits: Employees are not taxed on contributions until they withdraw funds in retirement.

Frequently asked
questions about
401 (k)

Withdrawals from a 401(k) before age 59½ may incur early withdrawal penalties and income taxes on the withdrawn amount.

Participants must start taking required minimum distributions (RMDs) from their 401(k) accounts beginning at age

72 (or age 70½ for those who turned 70½ before January 1, 2020), subject to IRS rules.

Participants bear the investment risk in a 401(k) plan, as account growth depends on the performance of the chosen investments
within the plan.

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