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Business SEPs

Simplified Employee Pension (SEP) plans can provide a significant source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees. A SEP does not have the start up and operating costs of a conventional retirement plan and allows for a contribution of up to 25% of each employee’s pay. 

  • Available to any size business
  • Easily established
  • Low administrative costs
  • Flexible annual contributions
  • Employer must contribute equally for all eligible employees
 
For more details and required contribution limits, please contact any of our locations or email Joann Moore at jm001@bankofyazoo.com.