Simplified Employee Pensions (SEPs)
A Simplified Employee Pension (SEP) is an employer-sponsored retirement plan whereby contributions are placed in an employee's traditional IRA Account. A SEP may be established by an employer such as a sole proprietor, partnership and corporation, including a Subchapter S corporation. These contributions are deposited into Certificates of Deposit for a term of 1, 1½ , 3, 5 or 7 years. $500 minimum opening balance.
Rate Sheet
