What is a SEP-IRA?

A SEP-IRA (Simplified Employee Pension) is an easy to administer retirement plan for anyone who is self-employed, owns a business, employs others, or earns freelance income.

Who can participate?

Any employer, including self-employed individuals, can establish a SEP.

Which employees are eligible to participate in my SEP plan?

Employees must be included in the SEP plan if they have:

Your plan may use less restrictive requirements, for example age 18 or three months of service, to determine which employees are eligible.

Employer contribution limits

Employee contribution limits