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Routing Number: 302386765

Simplified Employee Pension (SEP) IRAs

This specialized IRA is ideal for small businesses and self-employed individuals who want to start saving for retirement. With higher contribution limitations and other tax advantages, an SEP IRA is a great way to build their balance. Any company contributions are tax deductible and the employee doesn't pay taxes on funds until they are withdrawn. It's a win for everyone!

Features & Benefits

  • Small businesses can save for employee retirement
  • Ideal for self-employed individuals
  • Interest bearing account
  • Higher contribution limits than regular IRAs
  • Employer contributions are tax deductible
  • Employee funds are tax deferred
  • Lower cost than other corporate retirement plans
  • Easy to get started and run