Consider a Simplified Employee Pension plan for your small business
Simplified Employee Pension IRA (SEP IRA) plans are employee IRAs funded by tax-deductible contributions from small business employers.
The Simplified Employee Pension Plan, or SEP IRA, is a 小企业退休计划 这很容易设置. 符合条件的雇员设立SEP个人退休账户, to which tax-deductible contributions are made only by the employer. The contribution percentage can vary each year, from 0-25% of compensation. The same percentage of compensation must be contributed for all eligible participants, 包括业主雇员.
SEP个人退休帐户的好处
- Adds a valuable incentive for attracting and retaining better employees.
- Potential for increased worker productivity, especially if your plan is tied to profits.
- Can be combined with a traditional IRA or a Roth IRA.
- Employer can deduct all contributions made to the plan and it is not considered taxable income to the employees (although employees will owe taxes when they take withdrawals from their accounts).
- Investment earnings are tax-deferred until withdrawal.
- Flexibility: You don't have to commit to contributing every year.
SEP IRA要求
Generally, the following requirements must be met:
- Set up by any employer — including a sole proprietorship, 伙伴关系, corporation or nonprofit organization — with one or more employees.
- 参赛者必须年满21岁.
- Include all employees who have performed services for the employer for three of the preceding five years.
- Employers have the option to offer the plan to more people, 例如, 所有工作满一年的员工.
- Received at least $600 in compensation from the employer during the year, 例如, 2020 and 2021.
如何设立SEP个人退休帐户
- Develop a formal written agreement that outlines the benefits to eligible employees. 协议可能是 标准SEP(表格5305-SEP), an IRS-approved prototype SEP from a financial institution or the employer's individually designed SEP plan document.
- Provide information about the SEP IRA to each eligible employee, including information about the eligibility requirement, SEP IRA计划的一般规则及指引.
- Ensure that each eligible employee has a SEP IRA established. Failure to do so could cause the IRS to disqualify the SEP plan.
SEP计划易于操作. It's a tax-deductible way for small-business owners to attract and retain employees, 同时也为自己的退休储蓄. After all, the owner is generally an eligible participant. 发现更多的 小企业的退休计划选择.
