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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!

Visit IRS Website

Contact us to find out how FedChoice can help you build your own SEP plan.

Already a member?

Opening your new Savings Account is easy. Just visit the nearest Financial Service Center or call us at 301.699.6151 • 800.969.6151.

Find a convenient Financial Service Center location

*Deposits are insured up to $500,000. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.