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Self-employed individuals and small business owners have an effective, affordable way to save for retirement for themselves—and for their employees. A SEP-IRA plan allows you to make deductible contributions of up to $51,000 per participant for tax year 2013 ($50,000 in 2012) low-cost, strong fund performance.

   Start a SEP-IRA plan today, Our specialists make it easy. Call now.

SEP-IRA Plan Benefits at a Glance

Attractive Tax Savings

If you are a business owner, you can reduce your taxable income with each contribution.

  • Save over $2,700* in taxes per year while you build your retirement savings.
  • Deduct contributions you make to your account as well as accounts for any employees.
Tax year 2013
  Without a
SEP-IRA Plan		 With a
SEP-IRA Plan
Net Business Income $100,000 $100,000
Less: Net Itemized Deductions, ½ Employment Tax, and Four exemptions 34,865 34,865
Less: Plan Contribution 0 18,587
Taxable Income 65,135 46,548
Regular Tax Due 8,878 6,090
Self-Employment Tax Due 14,130 14,130
Total Tax 23,007 20,219
Tax Savings $0 $2,788
* Based on 2013 IRS Tax Tables. This chart represents an unincorporated, self-employed, married individual under age 50 with two dependent children, filing jointly. The individual earns $100,000 and the spouse has no earned income. The chart shows the difference between the tax due if no contributions are made and the tax due if the maximum contribution is made to a SEP. Actual savings will vary.
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Tax-Deferred Growth Potential and Generous Contribution Limits

  • You can contribute up to up to $51,000 in 2013—much higher than the annual limit for Traditional and Roth IRAs.
  • Any earnings on your savings grow tax-deferred until withdrawn.
  • Since you may be in a lower tax bracket after you retire, your SEP-IRA withdrawals could be taxed at a lower rate than what you pay now.
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Low Costs

  • No commissions or plan setup costs.
  • Choose from over 80 no-load mutual funds.
  • We keep our mutual fund expenses low to help you save even more.
  • An annual $20 account service fee is charged for each mutual fund account with a balance below $10,000. The $20 account service fee will be waived for the following circumstances: Subscribe to electronic delivery of statements and confirmations*; maintain an individual combined balance of $50,000 or more for all T. Rowe Price accounts (including mutual funds, Brokerage, Variable Annuity, and Small Business Retirement Plans); or qualify for T. Rowe Price Select Client Services based on higher asset levels of $100,000 or more.
  • If the Participant Account is closed during the year, a $20 closeout fee will be deducted automatically from the proceeds of the total redemption. However, the closeout fee is waived when an account service fee was previously assessed to the participant account for that year or when the proceeds are being used for a rollover, transfer or conversion to a T. Rowe Price retirement plan account or T. Rowe Price IRA.
*Participants can subscribe to paperless delivery via the T. Rowe Price website once their account is established.
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Easy Maintenance, Easy Saving

  • You make deductible contributions directly to individual retirement accounts
    (SEP-IRAs) for yourself and your employees.
  • No reports to file with the IRS.
  • Eligible employees can combine SEP-IRA contributions with other Traditional IRA contributions in the same account.
  • Our Small Business Retirement Specialists are available to help you set up your account and answer any questions.
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