Any employer may establish a SEP plan.

• May be established up to the tax-filing due date, including extensions
• Tax-deductible contributions are made by the employer on behalf of all eligible employees, and if self-employed, their own retirement
• All employees age 21 or older who have worked in at least three of the preceding five years receive a contribution
• Contributions are limited to 25% of compensation or $49,000
• Contributions are made directly to an employee's IRA
• General rules regarding Traditional IRAs apply

Available to any employer with no more than 100 qualified employees not currently participating in a qualified plan.

• Contributions made to each of the eligible employees who earned at least $5,000 during any two preceding years
• Either a matching contribution or a non-elective contribution is made
• Employees may defer up to $11,500 each year
• Distributions subject to same rules as Traditional IRAs
• Contributions made directly to an employee's IRA