No matter your business size, SEP IRAs can provide an effective retirement plan vehicle for all eligible employees.
Compared with 401(k)s, SEP IRAs have a simplified enrollment and documentation process from day one.
A unique factor in SEP IRAs is that only the employer contributes to the account. And all contributions are 100% vested.
Starting 2024 employers are able to contribute up to $68,000 per year to their employees retirement accounts.