Simplified Employee Pension (SEP) IRAs

Your business is helping to positively impact the economic future of our community. If you want to help positively impact your employees’ futures as well, one way is to introduce a Simplified Employee Pension (SEP) IRA.

A SEP IRA follows the same investment, distribution and rollover rules as a Traditional IRA. It is established by an employer for themselves and their employees, and can be a significant source of retirement income. Employer contributions are limited annually to the lesser of $52,000 or 25% of the employee’s compensation. Contributions to the plan are always 100% vested.

Please consult a tax adviser to determine how Federal, State and Local tax laws after your deductibility.

For more information or to open a SEP IRA, contact:
Louise Carvalho
Retirement Plans Manager
OFFICE: (978) 323-4922
To discuss other Jeanne D’Arc business services, contact:
Robert Boley
AT – Business Services Advisor
OFFICE: (978) 703-7982
MOBILE: (978) 421-4644