Business Retirement Accounts*

SEP IRA*

The SEP IRA is a retirement plan designed to benefit self-employed individuals and small business owners. Sole proprietorships, S and C corporations, partnerships and LLCs qualify.

SIMPLE IRA Plan*

A SIMPLE IRA plan is a Savings Incentive Match Plan for Employees. Because this is a simplified plan, the administrative costs should be lower than for other, more complex plans. Under a SIMPLE IRA plan, employees and employers make contributions to traditional Individual Retirement Arrangements (IRAs) set up for employees (including self-employed individuals), subject to certain limits. It is ideally suited as a start-up retirement savings plan for small employers who do not currently sponsor a retirement plan.

For additional IRA information, we have provided the following resources:  Simplified Employee Pension Plan and Savings Incentive Match Plans for Employees of Small Employers

Contact your local branch today to start saving for tomorrow.