Business Retirement Services
Simplified Employee Pension Plan (SEP)
If you are an employer or are self-employed and are looking to establish a business retirement plan that uses Individual Retirement Accounts (IRAs) as the investment vehicle for both you and your employees, a SEP may be the answer.
- Contributions can be made up to 25% of each employee's compensation up to $52,000* for 2014.
- Contributions can be made up to 25% of each employee's compensation up to $53,000* for 2015.
- Interest earned is tax deferred and contributions are tax deductible**
- Deadline for 2014 is April 15, 2015.
To contact a retirement specialist call 800-657-3272.