Business Retirement Account
Business Retirement Account
Help your employees plan for the future by offering a Simplified Employee Pension plan (SEP). This individual retirement account is for sole proprietors, partnerships, and corporations, and allows employers to contribute toward several savings options for employees. Make sure your valued employees know just how important they are and add SEPs to your benefits package today.
Summary
- Ideal for businesses of any size or self-employed individuals
- Gain the respect of your employees and help them plan for the future
- Earn attractive 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
- Inexpensive to set up and operate
- $2,500 minimum deposit to open
Interested? Reach out to us to learn more.
*Consult your tax advisor.
The SEP may be used by any sole proprietor, partnership, or corporation. A sole proprietor with no employees may also have a SEP for himself or herself. In this case, the contribution is based on net income of the business, rather than gross income.