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.
