Small Business Retirement Plans

Pursue a confident future

Retirement plans attract top talent to your business and improve employee retention.

A plan that works for your small business

We offer small business retirement plans for small business owners and their employees.

Simplified Employee Pensions (SEPs) can be easy to set up, with low administrative costs. Contributions are tax-deductible, with higher contribution limits than many other retirement accounts. These plans are great for sole proprietors and self-employed professionals.

Savings Incentive Match Plans (SIMPLE IRAs) allow employers to contribute to traditional IRAs for their employees. Employees can contribute as well. These plans are often best for employers who aren’t currently sponsoring another retirement plan.

Man meeting with a financial planner

Our financial professionals put you first

Our financial professionals offer personalized advice that supports your goals. We use leading-edge technology to develop your individualized plan, analyze opportunities, and evaluate results.

Check our financial professionals' backgrounds on FINRA'S BrokerCheck, then schedule a free, no-obligation appointment.

Small Business Retirement Plan FAQs

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

Any employer can set up a SEP, including self-employed professionals who don’t have any employees aside from themselves.

Any employer with a maximum of 100 employees with $5,000 or more in compensation during the previous calendar year can set up a SIMPLE IRA plan. That includes businesses, self-employed professionals, tax-exempt organizations, and governmental entities.

Yes, you still open a SEP if you also have other retirement accounts.

For example, some people are self-employed and also have a job with another employer. In this case, you can set up a SEP for your self-employment income, even if you already have a 401(k) or other retirement plan through your other employer.

You can also contribute to both a SEP IRA and either a Traditional IRA or Roth IRA in the same year. However, keep in mind that there are limits for deductible contributions, and you will need to meet the income limit requirements for your accounts.

For SEPs, the employer must make all contributions. This means that self-employed professionals can contribute to their own SEP accounts, but other employees cannot.

For SIMPLE IRAs, employees can make contributions to their own accounts, in addition to the contributions from employers.

Learn more about financial planning

Woman walking down the sidewalk with her work bag.

401(k) Rollover to IRA: What You Need to Know

New job? Here’s how to decide if you should rollover the old 401(k) to an IRA.

Woman drinking coffee looking out her window.

What to Do With an Inheritance

Receive an inheritance? Here are the dos and don’ts.

Young couple sitting on the couch together

5 Reasons Why Everyone Needs a Financial Plan

Here’s why everyone, regardless of age or wealth, needs a financial plan.

Check the background of our investment professionals on FINRA's BrokerCheck.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Alaska USA Federal Credit Union and Alaska USA Financial Planning & Investment Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Alaska USA Financial Planning & Investment Services and may also be employees of Alaska USA Federal Credit Union.  These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Alaska USA Federal Credit Union or Alaska USA Financial Planning & Investment Services.  Securities and insurance offered through LPL, or its affiliates are:

Not Insured by NCUA or Any Other Government Agency

Not Credit Union Guaranteed

Not Credit Union Deposits or Obligations

May Lose Value

 

Your Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information. 

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.