Simple. Custom. Effective.

Retirement Plans

ADVANTAGES OF A SEP PLAN:

  • Low cost

  • Employer contributions are deductible business expenses

  • Flexible contribution limits; you decide how much to contribute

  • Annual contributions are not required

  • Easy setup and administration

  • Minimum paperwork; no complex IRS reporting

  • 2024 Employer Annual Deferral Limits: Lesser of 25% of participant's compensation or $69,000.

A SEP IRA may not be appropriate for employers who do not want to contribute to their employees' accounts or for those looking for a loan option in the plan.