Simplified Employee Pension (SEP) IRA

A Simplified Employee Pension Plan, or SEP IRA, is a type of employer-sponsored retirement savings plan. It is a great way to increase the amount you and your employees save for retirement.

The SEP IRA is a great option if you are a self-employed individual or small business owner. It allows you to take a potential tax deduction equivalent to the contributions made into the SEP IRA each year. This tax deduction is subject to government guidelines.

The rules governing a SEP plan are not as complicated as a 401(k) plan, and have a few similar benefits. Contributions to a SEP IRA are tax deductible, and earnings within the account are tax deferred until withdrawn, just like a 401(k) plan. This means that the investments’ income in these accounts grows without having to be included in your annual taxable income. Only when the funds are withdrawn from the account as a distribution will there be a potential tax liability.

Key Features

  • Tax-Deferred
    Funds are tax-deferred while in the account, which means that you do not have to pay taxes until the funds or assets are removed from the account.


  • Tax Deductions
    Contributions to your SEP IRA may be tax deductible by your business, provided you meet certain requirements.


  • Employee Retention
    Motivates employee retention by providing your team with additional benefits to assist in saving more for retirement.


  • Longer Contribution Period
    Your employees can continue to receive SEP contributions past age 72, as long as they meet the requirements of the employer’s SEP Plan agreement.

NOTE: Please visit for a complete breakdown of the rules and regulations concerning SEP plans. Certain restrictions apply regarding prohibited transactions.

It’s easy to get started investing in a SEP plan. Open an account in just a few minutes on our online portal. 

Frequently Asked Questions

about SEP IRAs

What are the fees involved with opening a SEP IRA?

Most custodians of traditional assets collect fees and/or commissions based off of the amount of trades or recommendations of investment choices. Provident Trust Group offers a flat-rate annual fee.

View our fee schedule for full, transparent breakdown of our fees.

What are the contribution (COLA) limits?

Our COLA limits document provides a comprehensive overview of how much you can contribute to your SEP IRA.

Do you Have Questions? Let us know!

Existing Clients
(888) 855-9856
Future Clients
(888) 662-0869


With more than 34,000 clients in all 50 states, our elite team of professionals is the premier choice. We offer highly personalized service tailored to your needs, transforming your financial future.

Subscribe to Our News

 Stay up to date with our Newsletter.



8880 W. Sunset Rd.,
Suite 250
Las Vegas, NV 89148


(702) 253-7565


Monday - Friday
6AM - 4PM (PST)