Business Retirement Plan Services (SEP IRA & SIMPLE IRA)
Show employees how much you care by helping them save for retirement. Our business retirement accounts provide interest-bearing, tax-advantaged savings to companies of any size, including self-employed individuals. Boost your benefits package with a business IRA today.
Simplified Employee Pension Plan (SEP IRA)
- Ideal for businesses of any size or self-employed individuals
- Gain the respect of your employees
- Help employees reach their retirement savings goals
- Employee always has complete ownership of all SEP IRA money
- Earn competitive interest on entire balance; view rates
- Contributions are tax deductible; your business pays no taxes on earnings
- Contributions made only by the employer
- Only self-employed may make contributions on their own behalf
- Little to no documents to file with government
- Inexpensive to set up and operate
- Flexible annual contributions — good plan if cash flow is unpredictable
- Employee must first establish a traditional IRA, in which the employer will deposit SEP contributions
- $1,000 minimum deposit to open
Simple IRA
- Available to any small business — generally with 100 or fewer employees
- Gain the respect of your employees
- Employees have the option to make self-contributions
- Help employees reach their retirement savings goals
- Employee always has complete ownership of all SIMPLE IRA money
- Earn competitive interest; view rates
- Employer must not have any other retirement plan
- Minimal paperwork necessary; no filing requirements
- Inexpensive to set up and operate
- Lower contribution limits than some other retirement options
- Employees share responsibility of growing their retirement
- $1,000 minimum deposit to open
*Consult a tax advisor.