Simplified Employee Pension (SEP)
What is an SEP Plan?
A type of retirement plan designed for employers that wish to establish and contribute to a retirement plan for their employees while keeping plan administration responsibilities to a minimum.
Who should have an SEP plan?
The SEP plan was specifically created for self-employed people and small-business owners. Any employer, including a sole proprietor with no employees, can set up an SEP plan. Contributions are deposited into employees’ Traditional IRAs and are tax deductible.
What is the maximum allowable SEP plan contribution?
Learn more about the SEP Plans by visiting the IRS website!
Contact us to find out how FedChoice can help you build your own SEP plan.