Invest in your employees, and enjoy benefits in return. A simplified employee pension (SEP) lets your company contribute toward your employees’ retirement in exchange for tax deductions.

Explore this easy, cost-effective plan, perfect for small business owners or the self-employed. Enjoy total control, with flexible contribution limits and no commitment to contribute over future years.

Earnings^{1, 2} accumulate tax-deferred and aren’t taxed until withdrawn – when employees may realize a lower tax rate.

Contributions^{1, 2} are required by employees only, won’t count toward their annual gross income and may be tax-deductible.

Distributions^{1, 2} are required after age 72 and are eligible for Federal withholding and may be eligible for State Withholding³.

Help your employees grow their retirement funds by making contributions together. A SIMPLE IRA (Savings Incentive Match PLan for Employees) allows both employee contributions and employer-matched funds. This straightforward solution is perfect for small business owners with fewer than 100 employees looking to start a retirement savings plan without conventional startup costs.

Earnings^{1, 2} accumulate tax-free and aren’t taxed at withdrawal – when employees may realize a lower tax rate.

Contributions^{1, 2} are required by both employee and employer (either a matching contribution up to 3% of employee compensation or 2% nonelective contribution for each eligible employee).

Distributions^{1, 2} are required after age 72 and are eligible for Federal withholding and may be eligible for State Withholding³.