As a business owner you have probably come to the realization that the administration cost and fees of sponsoring a company 401(k) plan are too great. For small companies, the SEP has been a reasonable alternative that is fair to all segments of your employee base. A Simplified Employee Pension (SEP) provides business owners with a simplified method to contribute toward their employees’ retirement as well as their own retirement savings. Contributions are typically made to a SEP IRA which is set up for each plan participant.
Our advisors can coach you and your employees along the way towards individual retirement peace of mind with a SEP program.