Good If You...

  • Desire to Offer Employees a Portable Retirement Savings Plan
  • Want a Plan with Low Start-up Costs and Ongoing Operating Costs
  • Need a Plan with Flexibility in Annual Contributions
 

Features

  • Employer Contributes to Traditional IRAs in Employees' Names1
  • Total Annual Contributions Limited1
  • Interest Earnings Tax-Deferred1
 
 

What Are the Investment Vehicles for the SEP IRAs?

Individual Retirement Accounts (IRAs) setup as a part of the SEP are structured as brokerage accounts invested in stocks, bonds or other types of investments, which are not guaranteed and may lose value. If you are interested in this type of retirement savings, please speak with a representative from First Citizens Investment & Trust Department.2

 
 
Retirement Planning

Retirement Planning

First Citizens Investment & Trust Department2

 
 

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Who Contributes

Investment Vehicles

Good For ...
401(k) Employee & Employer Variety of Non-Insured Investments2 Larger Companies or Companies Willing to Pay Higher Administrative Costs for Greater Investment Flexibility
Defined Benefit Plan Typically Employer, In Some Cases Employee Contributions Are Permitted or Required Structured as a Liability Paid According to a Formula at Retirement Business That Want to Offer Funds for Retirement Not Tied to the Success of an Investment
Employee Stock Option Plan (ESOP) Employer Company Stock Business That Want an Option for Employees to Become Partial Owners
Roth IRA Employee Insured Deposit Accounts or Non-Insured Investments2 Employees Who Prefer to Pay Taxes Now to Avoid Them Later
Savings Incentive Match for Employees (SIMPLE) Employee & Employer Insured Deposit Accounts or Non-Insured Investments2 Small Businesses That Need a Start-up Retirement Plan
Simplified Employee Pension (SEP) Employer Insured Deposit Accounts or Non-Insured Investments2 Business That Want to Offer Tax-Deferred Retirement Savings
Traditional IRA Employee Insured Deposit Accounts or Non-Insured Investments2 Employees Who Want to Build Tax-Deferred Retirement Savings

1 Consult a qualified tax professional for details.

2 Not FDIC Insured • Not Bank Guaranteed • May Lose Value • Not Insured by Any Federal Government Agency • Not a Bank Deposit