​SEP IRA

The information provided below is not intended to be investment advice and does not constitute a recommendation to buy or sell securities. Please contact us for more information and how retirement plans can potentially be a benefit to you.

Eligibility

  • Sole Proprietors

  • Independent Contractors

  • Partnerships

  • Small Business Owners (Subchapter S or C)


​Higher Contribution Limits

  • 2017 - Up to $54,000

  • Tax Deductible


Contribution Limitations

  • The maximum contribution is the lesser of 25% of total compensation or $54,000 2017 per participant (approximately 20% if self-employed)


Advantages

  • Earnings Compound on a Tax Deferred Basis

  • Income Tax Deferred Until you Withdrawal

  • Full Investment World Available​


​Employee Eligibility

  • The plan must include employees who:

  • Are at least 21 years of age

  • Have worked for the employer for at least three of the last five years and have earned compensation of at least $600 for 2016 and 2017

  • ​The same contribution percentage must be used for all eligible employees and the employer when contributions are made to the plan


Simplicity

  • Easy to set up

  • No complicated compliance tests

  • No annual retirement plan returns


Distributions

  • ​Taxes owed upon distribution

  • Taxes Based on then Tax Bracket

  • Penalty Free Distribution Age is 59 1/2

  • ​Required Minimum Distributions Age is 70 1/2​​

Check the background of Ameritas Investment Corp. or this investment professional on FINRA's BrokerCheck.

​Highlights