A SEP IRA may be an ideal retirement plan for small business due to the ease in which it can be established and maintained.
All SEP employer contributions go directly into a Traditional IRA established in the name of each employee.
The employer determines, on an annual basis, the amount to be contributed for all eligible employers, ranging from 0 to 25% of compensation, subject to an annual cap.
Among the benefits of a SEP IRA:
- Tax - deductible employer contributions
- Tax - deferred earnings for employees
- No oversight of plan assets by employers
Small Business Comparison Grid
Whether you are self-employed or a small business owner, there are a wide range of small business retirement plans designed to meet your specific needs. Our Small Business Comparison Grid lets you compare retirement plans side by side.
Contact a Financial Consultant to learn more
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