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Simplified Employee Pension (SEP)

Optimize your employees’ retirement savings plan

A Simplified Employee Pension (SEP) plan, an employer-sponsored retirement plan, is easy for business owners to set up and maintain.

A SEP plan will allow you to contribute directly to traditional individual retirement accounts (SEP IRAs) for your employees – and yourself. 

For basic information about SEP plans, view IRS Publication 560, Retirement Plans for Small Business . Consult your tax advisor to determine if a SEP plan is right for your business.

To add a SEP plan to your benefit offerings today, chat now with a Business Banking expert, or visit any SAFE branch.

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