Central Bank of St. Louis

  • SEP IRA

    Create an employee retirement plan with an Simplified Employee Pension Plan (SEP) IRA, a hassle-free plan designed to help you and your employees reach your retirement goals.

    Looking for a simple solution for your employee retirement plan? Try an SEP IRA, a hassle-free plan designed to help you and your employees reach your retirement goals.*

    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 314.862.8300 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.