Business Account - Pension Plans
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.
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