FINRA’s BrokerCheck Obtain more information about our firm and its financial professionals


SEP stands for “Simplified Employee Pension”. One of the unique features of the SEP IRA plan is this is the only type of retirement plan that can be established after December 31st. In addition, the plan does not have to be funded until tax filing deadlineplus extension. Below is a summary of the plan features:

Type of Company No restrictions
Establish Deadline Tax filling deadline plus extension
Max EE Deferral Not applicable
Max ER Contribution 20% – 25% Comp Up To $57,000 Max
Annual Admin Cost $0
Max Employee Eligibility 3 Year Wait

SEP IRA’s usually work best for owner only entities or companies with less than 5 employees. Why? SEP IRA’s are 100% employer funded and the contribution is expressed as a percentage of comp. If the owner contributes 20% of comp for themselves they have to contribution 20% of comp for all eligible employees. The good news, the company can keep new employees out of the plan for 3 years, if the plan is designed correctly. It’s often the case that small companies will start with a SEP IRA Plan but as soon as employees start becoming eligible for the plan, they terminate the SEP IRA and replace it with a Simple IRA or 401(k) plan.


Welcome To Our Virtual Retirement Plan Services

For companies located outside of the Capital Region, we designed a virtual employer sponsored retirement plan platform that allows us to offer our clients:

  • Easy Plan Setup
  • Plans Consulting
  • Low Fees
  • Flexible Investments
  • No Call Centers
  • Employee Education (if applicable)
  • Retirement Planning
  • Video Conferencing For Review Meetings

Contact Us  . . .

All of our services start with a complimentary consult. We can assist you in determining which plan is the right fit for your company.

Schedule Yours Today

Request A Portfolio Comparison

(Visited 199 times, 1 visits today)

Investment advisory services offered through Greenbush Financial Group, LLC. Greenbush Financial Group, LLC is a Registered Investment Advisor. Securities offered through American Portfolio Financial Services, Inc (APFS). Member FINRA/SIPC. Greenbush Financial Group, LLC is not affiliated with APFS. APFS is not affiliated with any other named business entity. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not ensure against market risk. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.