A Simplified Employee Pension Plan, or SEP-IRA, is a tax advantaged retirement plan that allows employers to make pretax contributions to their own or their employees' accounts. Earnings in a SEP-IRA grow tax-deferred. Contributions to a SEP-IRA do not impact a participant's ability to contribute to a traditional or Roth IRA.

A SEP-IRA provides the benefits of a company-sponsored retirement program without the administrative expense, government reporting requirements, and complexity associated with many other types of retirement plans. These plans were specifically designed for:

  • Self-employed individuals
  • Sole proprietors
  • Independent contractors
  • Partnerships
  • Small corporations, including S corporations

Determine Your Contribution



For more information on establishing a SEP-IRA Plan, learn more online or call our Retirement Plan Specialists at 1-800-359-3379.

  • Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value