A simplified employee pension (SEP) plan is a simplified way for business owners who want to start contributing to their employees’ retirement savings. Contributions are made to an IRA (SEP-IRA) that’s established for each employee.
What You Need to Know
If you own and/or operate a business, you may have decided that you want to reward your loyal employees with a simplified employee pension plan. Although this is admirable and also a smart business move, you might be feeling a bit overwhelmed by the idea of finding the best simplified employee pension plan available. That’s a pretty common problem among employers, and first of all, you need to know what to look for. So, here’s a short list of a few things that you definitely want and need:
• An IRA provider that takes pride in offering self-directed IRA retirement plans to clients nationwide, even though it’s based in Florida and Idaho,
• One of this country’s top independent 401(k) and IRA administration companies today that specializes in financial services for both individuals and small business owners,
• A SEP provider that’s proud to offer some of the industry’s highest level of customer service available today,
• A provider whose primary goal is actively assisting you with your alternative asset purchases so that you pay little or no taxes,
• A provider with a knowledgeable staff with a serious dedication to serving as your main source of an effective financial education,
• A SEP provider that enables you to make well- informed employee pension plan decisions for the benefit of your employees.
