SEPs present an easy, low-cost retirement option for employers who do not have corporate retirement programs. A SEP allows the employer to provide retirement benefits for themselves and their employees without paying the high startup and operating costs of conventional plans. The interest you earn is tax-deferred and your contribution may be tax-deductible (see your tax advisor).

• Contributions and dividends are tax deferred; however, limits do apply
• High dividends
• Each SEP is insured up to $250,000 in addition to all other funds on deposit
• No fees for deposits, withdrawals, transfers, or maintenance.
• Avoid the administrative costs and most of the reporting requirements of corporate plans.
• Organization is able to provide a tax-sheltered program for its employees

Current Rates I Financial Calculators