Running a business is complicated. Keep your retirement plan simple.
- To be part of a SEP, employees simply open traditional Individual Retirement Accounts at MSGCU
- Employers, including those who are self-employed, then make regular contributions to employee IRAs
- Less complicated and expensive to maintain than 401(k) plans, for both employers and employees
There are also tax benefits* associated with Simplified Employee Pension Plans. If you're a business owner and want more information about SEPs, please contact an MSGCU Representative, located here in Michigan, at 866.674.2848. If you want access to our additional business-friendly services, consider opening MSGCU Business Savings and Business Checking accounts, or taking out a Business Loan.
*Please consult a tax adviser for more information.