Simplified Employee Pension (SEP) Kit

What is a SEP?
SEP stands for Simplified Employee Pension.  These plans are geared towards business owners who wish to provide retirement benefits to their employees.

With a SEP account, there is no significant cost of administration for the plan.  Additionally, a business owner with no current employees may still utilize the SEP account for his or her own retirement savings.

The deadline for establishing and contributing to a SEP is the tax filing deadline for the employer including extensions.

The typical eligibility conditions for a SEP account are:

• Employee must be at least 21 years of age
• The employee has worked for the employer for at least three of the previous five years, and
• The employee has received at least $550 in compensation from the employer for the year

Contribution Limits

Tax Year 2009                          not to exceed 25% of employee’s compensation or $49,000
Tax Year 2010                          not to exceed 25% of employee’s compensation or $49,000

If you feel you can benefit from alternative investments, take the first step and open an account today.

• Real Estate SEP IRA Kit
• Private Company SEP IRA Kit
• Private Debt SEP IRA Kit
• SEP IRA Kit

If you have questions or need assistance, please contact us at help@kingdomtrustco.com or call our representatives at 888-753-6972.