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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!

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