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    Demo  |  Enroll

    Demo  |  Enroll

  • SEP IRAs

    How SEP Plans Work

    • Each year, the employer elects how much to contribute to the SEP IRA on behalf of eligible employees (the amount is subject to an annual cap)
    • All contributions are tax-deductible as a business expense
    • All SEP employer contributions go directly into a Traditional IRA in the name of the employee, giving employees tax-deferred earnings
    • Employer contributions can be easily sent via data transmission
    • Employees receive a regular statement from us

    SEP IRA Benefits

    • Tax-deductible contributions* for employer
    • Tax-deferred earnings for 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

    *All eligible employees must receive a contribution at the same percentage of compensation

    In some cases, this service may consist of deposit and non-deposit products that may or may not be FDIC insured. Non-insured FDIC products are not considered a deposit of, obligation of, nor guaranteed by the bank, and are subject to investment risk including the possible loss of principal invested.