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Armada’s Simplified Employee Pension Individual Retirement Account Plan (SEP IRA)
The Armada SEP IRA Plan enables self-employed people and small business owners to
make tax-deductible contributions of up to 25% of their income, with a maximum contribution of $40,000
annually, while maintaining complete contribution flexibility. In general, employers must contribute
the same percentage of pay for themselves and any eligible employees.
SEP IRAs allow employers to offer company-funded retirement programs without the burden of maintaining
a "qualified" retirement plan. When establishing a SEP IRA plan for a business, the employer and any eligible
employees establish individual SEP IRAs. Employer contributions are then made directly into each separate SEP IRA account.
For more detailed information about the features and advantages of Armada SEP IRAs,
review our Armada Guide to Employer- Funded Retirement Plans.
If you would like to download information about Armada’s SEP IRAs
or have additional information mailed to you, click here. |
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