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Business Account - Pension Plans

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The Simplified Employee Pension Plan (SEP) - simple pension plans for small businesses.

Providing a pension plan option for self-employed individuals.

Contribution

Make contributions up to $45,000 for employees, up to a maximum of 25% of each employee's total compensation.

Tax Benefits

Works like a traditional IRA.  Contributions and earnings are tax deferred until withdrawal at age 59 1/2 or later.
Read more about the Traditional IRA

Insured

Federally insured by the NCUA up to $250,000.