Looking for a retirement plan that’s easy to set up, flexible to fund, and generous in its contribution limits? A Simplified Employee Pension (SEP) plan might be the perfect fit. At First State Financial Management, we help small business owners and self-employed individuals unlock the power of SEP-IRAs to build wealth and reward employees.
A SEP is a retirement plan that allows employers to make tax-deductible contributions to traditional IRAs (called SEP-IRAs) for themselves and eligible employees. Contributions grow tax-deferred and are excluded from employees’ taxable income until withdrawal.
Whether you're a sole proprietor, LLC, partnership, or corporation, SEPs offer a streamlined way to save for retirement—without the administrative burden of more complex plans.
You can establish and fund your SEP up until your business’s tax filing deadline—including extensions. That means self-employed individuals may have until October 15 to contribute for the prior tax year.
Use IRS Form 5305-SEP.
Adopt a prepackaged plan from a financial institution.
Create a custom-designed plan with professional guidance.
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At First State Financial Management, we’ll help you:
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FDIC-Insured - Backed by full faith and credit of the U.S. Government
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