SEP IRA

(Simplified Employee Pension Plan)

Easy, inexpensive plan for self-employed individuals and small businesses
  • Flexibility with employer contributions
  • Employer contributions deductible as a business expense
  • Offers a full range of investment choices
  • Use the Small Business Selector to find a plan 
up to 25% of compensation

or $53,000 in 2016 ($54,000 in 2017), whichever is less

9M

Self-employed individuals without retirement plan coverage2

Features of a SEP IRA

Flexible employer contributions- image

Eligibility information

Available for self-employed individuals and owners of small businesses. Employees must be age 21 or older, receive annual compensation of $600 or more, and have worked for the company for at least three of the past five years.

Easy set up and administration - image

Setup and contribution deadline

Account must be established and funded by the employer's tax filing deadline (plus extensions)

Tax deduction on contributions - image

Flexible employer contributions

Ability to change or skip contributions annually

Full Range of Investment Choices - image

Easy setup and administration

IRS Form 5500 filing not required

Get up to $600 plus 60 days of commission-free trades


 for deposits of $10k or more.1 How it works

Get up to $600 plus 60 days of commission-free trades


 for deposits of $10k or more.1 How it works

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