The Simplified Employee Pension Plan (SEP) - simple pension plans for small businesses.Providing a pension plan option for self-employed individuals.
Make contributions up to $45,000 for employees, up to a maximum of 25% of each employee's total compensation.
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
Federally insured by the NCUA up to $250,000.