A Simplified Employee Pension (SEP) makes it easy for business owners to make retirement contributions for themselves and their employees.
Cambridge Savings Bank offers a number of options to help you prepare for your retirement, including SEP plans. If you run your own business, consider the benefits of establishing an SEP for your employees and yourself. To learn about SEPs, click here to view some Frequently Asked Questions.
This information is intended to provide general information on federal tax laws governing simplified employee pension plans. It is not intended to provide legal advice or to be a detailed explanation of the rules or how such rules may apply to an employer’s individual circumstances. For specific information, an employer should consult a tax or legal professional. IRS Publication 560, Retirement Plans for Small Business, IRS Publication 590, Individual Retirement Arrangements (IRAs), and the IRS’s web site, www.irs.gov, may also provide helpful information.