A Simplified Employee Pension (SEP IRA) is a type of employer sponsored retirement plan that allows the employer to save money for themselves and their employees on a tax-deferred basis. This type of plan offers low administrative costs and easier management than plans like a 401(k).

Key Benefits:

  • Only the employer can make contributions
  • Annual contributions are not required
  • Employees are always 100% vested
  • Penalty free distributions after 59 ½
  • Required minimum distributions begin by 70

Ready to learn more?

Call 864-288-2849 or submit a contact form to get started.

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