Simplified Employee Pension Plan (SEP IRA)

Looking for an easy, low-cost retirement plan for you and your employees? Why not consider a SEP?


A Simplified Employee Pension (SEP) IRA is a tax-deferred retirement plan for small business owners, where the employer makes deductible contributions to their own IRA as well as deductible contributions to IRAs for eligible employees. SEP IRA's were created specifically for the self-employed and small business owner.

Simplified Employee Pension Plan (SEP IRA)
Summary
  • Minimal paperwork and reporting
  • Flexible contribution amounts
  • FDIC Insured
  • Tax-deductible contributions for you and your employees
  • A simple, affordable way to attract and retain employees

The First National Bank of Dieterich bank representatives are not tax advisors. You may need to consult your tax advisor for additional information regarding eligibility for a SEP IRA.

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