What is a SEP IRA?

SEP IRA

A Simplified Employee Pension (SEP) IRA allows employers to make contributions to their employees’ individual retirement accounts (IRAs). Small businesses often consider SEP IRAs because of the low administrative and record-keeping costs. The only recordkeeping cost is a $15 per-participant annual maintenance fee, which is paid by the employee.

If you’re self-employed or a small business owner with variable earnings, a Franklin Templeton SEP IRA maybe suitable for you.

  • For more information, contact Franklin Templeton at (800) 527-2020.