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Guide to SEP IRAs


A SEP is a simplified employee pension plan. A SEP is an individual retirement account, similar to a traditional IRA, that is set up on behalf of each employee. Only the employer can make contributions to the SEP-IRA on behalf of the employees. From the perspective of the SEP participant, a SEP-IRA is not much different from a traditional IRA, except that a SEP-IRA does not allow for participant contributions. For the employer, the SEP is easy to set up and has no set up or administration fees. Additionally, a SEP does not require Internal Revenue Service filings such as Form 5500.


A number of Security Benefit products have SEP IRAs available. Speak with your representative for more information about those products.


See the SEP IRA Flyer (PDF) for more specific information and contribution limits on SEP IRAs,