Simplified Employee Pension
A Simplified Employee Pension Plan is an inexpensive way for self-employed persons, sole proprietorships, partnerships, small businesses, small employee groups and corporations to offer a retirement plan to employees. These plans can help you attract and retain a quality workforce.
- Easy to administer
- No need to file any additional reports with the government
- Contributions are tax-deductible for yourself
- Contributions made for employees are considered a business expense
- Offers immediate vesting
- No taxes are paid until funds are withdrawn