Commercial Savings

Financial Security Starts Today

Attract and retain top employees by adding a Simplified Employee Pension Individual Retirement Account (SEP IRA) to your employee benefits package. This tax-deferred retirement plan is an option for small business employees and self-employed individuals.

Business owners with at least one employee or self-employed workers can open an account that mirrors the investment, distribution, and rollover rules found in traditional retirement accounts.

Set up an account today and also benefit from:

  • Possible employer tax credit for start-up costs
  • No fiduciary liability for investments
  • Low set up costs
  • Higher contribution limits when compared to Traditional and Roth IRAs

Eligible employees must:

  • Be at least 21 years old
  • Have worked for the business at least three of the last five years
  • Earn at least $600 during the contribution year (Applies to Tax Years 2018 and 2019)

Give us a call to get started!

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