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S.E.P. IRA (Simplified Employee Pension Plan)

(Depending on IRA assets, a S.E.P. IRA may or may NOT be FDIC insured.)

Mutual funds, stocks and bonds are not deposits or obligations of any bank; are not guaranteed by any bank; and are not insured or guaranteed by the FDIC, Federal Reserve Board or any other government agency. Investment in mutual funds, stocks or bonds involves risk, including possible loss of principal. Additional information is available from our personal bankers. Please contact us.

This IRA is ideal for a small business or self-employed person to set up a retirement plan for himself or herself, and all employees who meet qualifications.

  • Employer deposits money into employees' IRA's.
  • Contribution is the lesser of 25% of compensation or $40,000.00.
  • Incorporated, unincorporated, full-time or part-time businesses eligible.
  • See a personal banker for more details.