Simplified Employee Pension (SEP) Plan
You value your employees. Now show how much by offering your employees a way to prepare for their future financial well-being. A Simplified Employee Pension (SEP) plan, an employer-sponsored retirement plan, is easy for small businesses to set up and maintain.
A SEP plan will allow you to contribute directly to traditional individual retirement accounts (SEP IRAs) for your employees and yourself. Contribute up to 25% of your employee's compensation or $46,000, whichever is less.
For basic information about SEP plans, view IRS Publication 560, Retirement Plans for Small Business. Consult your tax advisor to determine if a SEP plan is right for your business.
To add a SEP plan to your benefit offerings today, visit any SAFE branch!