November 13, 2024

Q4 Drive: SEP Into the Future

The Q4 Drive is the time to talk to small businesses about the SEP IRA.

Offering an employer-sponsored retirement plan is a key strategy for retaining employees. The Simplified Employee Pension (SEP) IRA is one of the easiest options for small business owners and their employees to save for retirement. If a plan is started in December, it can provide the business with a tax deduction for this year!

(SEP) IRA Highlights

  • Up to 25% of compensation can be contributed – max contribution of $69,000
  • Easy to set up with minimal tax reporting
  • Business may deduct the contributions
  • Portable when employees separate from service
  • Ideal for smaller or sole proprietorship businesses

Help Them Seize the Opportunity

Check out our SEP resources and talk to business owners today.

 

Multicultural Checklists

SEP and SIMPLE IRA Checklist: Spanish

SEP and SIMPLE IRA Checklist: Chinese

SEP and SIMPLE IRA Checklist: Korean

 

In an environment that is challenging to attract and retain high-quality talent, a SIMPLE IRA may be just the alternative some employers are looking for to provide a more employee-centric and customized retirement plan. To navigate from the Agent Portal homepage, go to Marketing > Retirement Business > IRA: Individual & Small Business

IRS Retirement Topics – Automatic Enrollment
Which states have mandatory retirement plans?

 

Questions? Contact the NLG Sales Desk at 800-906-3310.