SEP IRA
A Simplified Employee Pension (SEP) IRA is a tax-deferred retirement plan for small business owners, where the employer makes deductible contributions to their own IRA as well as deductible contributions to IRAs for eligible employees. First Community Bank can help you set up your SEP IRA today.
- Minimal paperwork and reporting
- Employers can change their annual contributions
- Deductible employer contributions are made directly to employees' IRAs
- All contributions must be 100% immediately vested
- FDIC insured
