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Take Your Small Business to the Next Level with a SEP IRA

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A Win-Win Retirement Plan for You and Your Employees

The SEP IRA (Simplified Employee Pension) is a type of retirement account, ideal for self-employed entrepreneurs or small-business owners.  The account is much like a Traditional IRA in its tax benefits, however it allows an owner to contribute to their account and the accounts of their employees.  With a Self-Directed SEP IRA, employees have the flexibility to invest in alternative assets, allowing them to truly diversify their portfolio.  


What are the Benefits of a SEP IRA?


  • The SEP IRA is available to any size business owner, including self-employed individuals, freelance workers, and small business owners. 
  • Self-Directed SEP IRAs allow investors the ability to diversify with alternative assets like real estate, private companies, notes, syndications, and so much more. 
  • Contributions can be tax deductible for the employer.  
  • SEP IRAs allow higher contributions than typically allowed for Traditional or Roth IRAs. 
  • Employers have the flexibility to change the contribution percentage from year-to-year for the contributions to their employees’ accounts.

Ready to Get Started?

Open a SEP IRA Today.

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Frequently Asked Questions

What is the contribution limit for a SEP IRA?

The IRS sets limits for how much you can contribute to a SEP IRA. See the current contribution limits.

What are the distribution rules for a SEP IRA?

Distributions from a SEP IRA are taxable as ordinary income in the year they are taken. SEP distributions taken before age 59 1/2 may be subject to a 10% penalty, unless an exception applies.

How do you invest with a SEP IRA?

It’s easy to invest with a SEP IRA in just 3 steps:

o Open a SEP IRA account at Quest for you and your eligible employees

Fund your account by making a contribution 

o Use the Investment Hub in the Client Portal to self-direct your investment.

If I have a SEP, can I also have other retirement plans?

Yes, you can have both a SEP and another plan. However, unless the other plan is also a SEP, you must be careful of the form you use to set up the account with. More information can be found on the IRS website here.

Do you have to contribute to your employees SEP IRA?

No, you do not have to contribute to your employees’ SEP IRAs, but in the years you do contribute, contributions must be made to all eligible employees.

What are the Employee Participation Requirements?

Employees must be included in the SEP plan if they have:

  • Age 21 or older – there is no age limit
  • Worked for the business in at least 3 of the last 5 years
  • Received at least $750 in compensation for 2023

*A SEP plan may use different requirements that are less restrictive, for example age 18 or three months of service, to determine who is eligible.

*A SEP plan may use different requirements that are less restrictive, for example age 18 or three months of service, to determine who is eligible.

Contact an IRA Specialist

Do you have questions about alternative investing? Our Certified IRA Specialists are here to help. Schedule a one-on-one consultation to discuss your financial future today.

Schedule a Free Consultation
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Log into your Client Portal to access all your SDIRA investments and account information. Upload new investments, manage old ones, and prepare for any upcoming deadlines online HERE.

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Managing your Solo 401k is quick and simple. Click here to access your online dashboard to manage your 401k account and submit your investments.

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