Simplified Employee Pension Plan

Every year, you can pay zero to 25% of your employees’ compensation, and all contributions are tax-deductible, letting you adapt to changing income.

You can claim tax credits for up to three years to cover startup costs when beginning a SEP IRA, lowering the barriers to entry for retirement savings.

Employees will appreciate having a SEP IRA because they can increase their retirement savings and secure their financial futures.

Each employee owns and controls their own retirement account, freeing them to make the best financial decisions for their unique situation.

With a SEP small business retirement plan, employee savings can grow because they only pay taxes on contributions when withdrawing funds during retirement.

An employer’s contribution to an employee retirement account is not included as a portion of their annual taxable income.