SEP IRA

Retirement for self-employed business owners

A small business Simplified Employee Pension Individual Retirement Account, or SEP IRA, is a simple, low-cost retirement account for small business owners and their employees.

Easy Set Up

Low cost and little maintenance to set up and maintain plans.

Tax Advantage

Contributions are tax deductible as a business expense.

Flexible

Adjustable contribution amounts support your cash flow needs.

SEP IRA ELIGIBILITY

Retirement plans for the self-employed

SEP IRAs are best for business owners with few or no employees.

  • Sole proprietor of a business
  • Business owner in a partnership
  • Individual earning self-employment income
  • Business with 10 employees or fewer
SEP IRA features

Retirement is within reach

Tax-deductible contributions

Employer makes tax-deductible contributions directly to employee's traditional IRA.

No participation required

Employees are not required to contribute.

Many options

A variety of investment options are available, including CDs, mutual funds, stocks, bonds, annuities, Exchange Traded Funds (ETFs) and managed asset accounts.

SEP IRA benefits

Make the most of your plan

Flexible

Save more when you make more with adjustable contributions.

Contribute more

Contribute significantly higher amounts, up to $57,000 more than a Traditional IRA (see IRS Publication 3998 for the full set of requirements).

Easy to maintain

Save time and money with less paperwork and administration.

Not sure where to start? We'll help you find the path to a successful retirement today

My Business Insurance Center

Manage business insurance information from any device, from anywhere

Access and manage your latest insurance documents and policy information

Report claims online, including accident photos and documentation

My Business Insurance Center

Manage business insurance information from any device, from anywhere

My Business Insurance Center

Access and manage your latest insurance documents and policy information

My Business Insurance Center

Report claims online, including accident photos and documentation

Qualified Retirement Plan

Create a retirement package for your employees

A strong employee retirement plan can increase your bottom line.
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