SEP IRA

If you are looking into starting a company sponsored retirement plan, a SEP IRA (Simplified Employee Pension Individual Retirement Account) is one of the many types of retirement plans available.  SEP IRA’s are often best fitted for companies that have few or no employees. This is mostly due to the mandatory employee matching requirements imposed within SEP IRA’s.  For Example: if you as the business owner would like to save 15% of your compensation into your SEP IRA, you must also contribute 15% of each employee’s compensation into the plan to stay compliant.  Due to the large matching requirements, SEP IRA’s often utilized by business owners that have few employees who want to maximize their retirement contributions each year. Alaska Retirement Solutions helps business owners identify what type of retirement plan is the best fit for their company structure and then provides the appropriate investment options for plan participants.  A SEP IRA could be the best option for you and your business.