With a Simplified Employee Pension Individual Retirement Arrangement (SEP IRA) plan, only the employer makes contributions, and with this program in place, the company is required to make contributions for all eligible employees. Your employees are immediately 100% vested, so the money you contribute is theirs right away.
100% employer funded
Contributions are tax deductible
Earnings grow tax deferred until you make withdrawals
Employers can contribute up to 25% of the employee’s pay, up to $54,000 per year
Employees avoid a 10% penalty on funds withdrawn on or after the age of 59 ½
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