SEP-IRA Plans for Self-Employed Individuals & Small Businesses - T. Rowe Price

A SEP-IRA offers significant tax-savings potential as you save for retirement.

You'll also benefit from T. Rowe Price's low-cost, strong fund performance.
Call 1.800.638.3804 to get started.
SEP-IRA Plan - Simplified Employee Pension Plan SEP-IRA Plan - Simplified Employee Pension Plan
SEP-IRA Plan - Simplified Employee Pension Plan
Eligible Employer: Self-employed individuals and business owners who wish to make contributions for themselves and their employees. Employers using leased employees or that have any other retirement plan may not use IRS Form 5305-SEP.
Employer
Deductible
Limit:
Up to 25% of total compensation* of eligible employees. Contribution percentage is determined by employer each year. Each eligible employee must receive the same percentage of compensation.
Maximum
Contribution
for Employees:
 
For 2015 and 2016, the lesser of: $53,000 or 25% of compensation
Salary Deferrals Allowed: No.
Employer Fees: No annual fees or set-up costs1
Plan Set-up
Deadline:
Your company's tax filing deadline (including extensions)
Reporting
Requirements:
No plan tax filing is required, IRA based plan
Investment Options: Choose from over 90 no-load mutual funds
SIMPLE IRA Plan Benefits

SEP-IRA Plan Benefits

Attractive Tax Savings
  • Save over $2,700** in taxes per year while you build your retirement savings.
  • Deduct contributions you make to your SEP-IRA plan account as well as accounts for any employees.
Tax-Deferred Growth Potential and Generous Contribution Limits
  • You can contribute up to $53,000 in 2015 and 2016 - much higher than the annual limit for Traditional and Roth IRAs.
  • Any earnings on your savings are tax-deferred until withdrawn.
Low Costs
  • No participant fees when you subscribe to paperless delivery.1
  • We keep our mutual fund expenses low to help you save even more.
Easy Maintenance, Easy Saving
  • You make deductible contributions directly to individual retirement accounts
    (SEP-IRAs) for yourself and your employees.
  • Participants may rollover or transfer to a T. Rowe Price SEP-IRA.
*Maximum amount of compensation that can be used in determining contribution is $265,000 for tax years 2015 and 2016. This amount is increased periodically for inflation.

**Based on 2016 IRS Tax Tables. See link to the chart for details. Actual savings will vary.

1An 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, and Small Business Retirement Plans); or qualify for T. Rowe Price Select Client Services based on higher asset levels of $100,000 or more. Participants can subscribe to paperless delivery via the T. Rowe Price website once their account is established. 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.