Hurricanes Harvey and Irma

If your Edward Jones branch office is temporarily closed due to Hurricane Harvey or Irma and you need assistance, please call our Client Relations department at 1-800-511-5768 (Monday-Friday, 7 a.m. – 7 p.m. CT) or view additional contact options.

SEP IRA Plan

Despite the lengthy name, Simplified Employee Pension (SEP) IRAs have a reputation for being relatively straightforward and inexpensive plans. Because any type or size of business can have a SEP IRA, check out the simplicity and flexibility it can offer. For example:

  • Your annual contributions can exceed the limits of a traditional or Roth IRA. 
  • SEPs are the only plans that can be set up after the end of the year if you don't already have a plan. 
  • SEPs have low account and administration costs.

Contribution features

  • For 2017, you can contribute either 25% of your compensation or $54,000, whichever is less. 
  • Contributions to SEP plans are tax-deductible and grow tax deferred. 
  • Employees who receive contributions are immediately 100% vested.

Deadlines

You must establish and fund your SEP IRA by your business' tax filing deadline, including extensions.

How we can help

The low cost and simplicity of a SEP IRA can be appealing, but how do you know if it's right for you? Ask your financial advisor for more information about all the options available for your plan.

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