How will an SEP plan work for my business?
- Each year, you will choose how much to contribute to the SEP IRA on behalf of eligible employees
- Your contributions will be tax-deductible
- Employees will each receive your contributions as tax-deferred earnings in their traditional IRA
- Contributions can be easily sent via data transmission
What benefits does an SEP IRA offer my business?
- Tax-deductible contributions for you, the employer
- Tax-deferred earnings for your employees
- Easy setup
- Large variety of investment products, including stocks, bonds, mutual funds and bank products such as FDIC-insured CDs and money market accounts
Contact a business banking representative at (866) 236-8744 or stop by any location to learn more.
Not sure which solution is right for your business? Take a few minutes to run through Business Analyzer today. We’ll ask a few simple questions about your business and provide recommendations just for you.