Own a Business? Open an Investors Savings Bank Business Retirement Plan.
Investors Savings Bank offers a basic business retirement plan, the simplified Employee Pension Plan SEP.
- A SEP permits businesses, including self-employed individuals, to make tax-deductible contributions to Traditional IRAs that are maintained by participating employees. Once in the IRA, the funds are treated as regular Traditional IRA funds, and are subject to the same rules that apply to regular IRA accounts.
Special rules apply to this type of plan. It is recommended that you consult with a tax advisor or plan professional concerning your specific situation.