Simplified Employee Pension IRA

A SEP IRA is a useful retirement planning tool for small business owners.  It can be established anytime
before the business's tax filing deadline plus extensions and contributions can be made up until the tax filing
deadline plus extensions too. The flexibility of plan set up and funding dates make the SEP IRA a favorite last
minute tax planning tool.

Contributions are limited to the lesser of $45,000 or 25% of eligible compensation.  You do not have to make
a contribution every year but when you make contributions they must be based on an allocation formula and
must not discriminate in favor of highly compensated employees.  When you make contributions they must
be allocated to all employees who worked during the year even those who left or died before the contribution
was allocated.

If you have questions or want more information on establishing a SEP IRA for your business please call us at
843.946.9868 or toll free at 877.946.9868.  Or send a email to
SEP@oakadvisors.com.  





Oak Street Advisors
1335 44th Ave N  Suite 201
Myrtle Beach, SC  29577
843-946-9868


   The flexibility of plan set
up and funding dates make
the SEP IRA a favorite last
minute tax planning tool.