Small Business - Simplified Employee Pension Plan

SIMPLIFIED EMPLOYEE PENSION (SEP) Office:203 Burkesville Street Madison Square Bld. Columbia, KY 42728 / Phone : (270) 384-3947 / Email : [email protected]

WHAT IS A SIMPLIFIED EMPLOYEE PENSION (SEP) For small business owners, making significant contributions towards employee retirement can be a challenge. Simplified Employee Pension (SEP) plans can be a great savings option. With SEP plans, the employer makes direct contributions to the employees’ IRA accounts. Employers can also contribute to their own SEP-IRA if they receive compensation from the business. SEPs are also simpler than most other retirement benefit options and require nominal startup investment. Office:203 Burkesville Street Madison Square Bld. Columbia, KY 42728 / Phone : (270) 384-3947 / Email : [email protected]

ADVANTAGES OFFERED BY SEPS SEP plans do not require mandatory annual contributions. Employers can decide the amount of contribution based on the financial status of the business. In a bad year, employers can choose not to contribute at all. However, the contribution rate for all employees must remain uniform. Contributions made to SEP are tax-free, and the business does not pay any taxes on the investment earnings. The SEP option is available to different business structures, including partnerships, sole proprietorships, as well as large corporations. SEP plans generally does not involve filing any documents with the government. Office:203 Burkesville Street Madison Square Bld. Columbia, KY 42728 / Phone : (270) 384-3947 / Email : [email protected]

CONTACT OUR FINANCIAL ADVISORS FOR ACHIEVING YOUR GOALS For other information do not hesitate to contact our team at: (270) 384-3947 [email protected] www.americanfinancialconsultants.com 203 Burkesville Street Madison Square Bld. Columbia, KY 42728 Thank You! Office:203 Burkesville Street Madison Square Bld. Columbia, KY 42728 / Phone : (270) 384-3947 / Email : [email protected]