Retirement plans attract top talent to your business and improve employee retention.
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.
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.
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.
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Here’s why everyone, regardless of age or wealth, needs a financial plan.
Check the background of our investment professionals on FINRA's BrokerCheck.
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