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Help your employees prepare for retirement

Provide your employees and business with financial benefits.


With a SEP IRA plan, you can contribute to your employees' retirement savings and receive potential tax benefits in return.


Employer contributions are tax deductible

Consult a tax advisor to learn the tax benefits of a SEP IRA plan.

Tax-advantaged retirement savings

Earnings on your SEP IRA are tax-deferred.*

SEP plans are available for all types of businesses

These plans are ideal for self-employed individuals and small businesses.

Good to know

Contribution limits

Annual contribution limits change from year to year.*

View current limits

Distributions are taxed

When you withdraw funds from a SEP IRA, your distributions are taxable based on the tax bracket that you are in at the time. Additionally, if you are below the age of 59 1/2, there is an additional 10% tax penalty.

Possible age requirements

May require that employees be 21 or older, depending on the SEP agreement from the employer.

Length of employment requirements

Some employer SEP agreements may require employees to have worked at least three of the previous five years.

How to open an account

Opening an account is easy and we're here to help if you need it.

  • 1

    Complete an application

    It takes just minutes. You'll need your Social Security number and driver's license or valid ID.

  • 2

    Enroll employees in the program

    Set up accounts for your employees (or yourself if you are self-employed).

  • 3

    Start making contributions

    Make tax-advantaged contributions to help set your employees up for future success.

Suggested for you

Looking for more employee benefits?

Show your team they're valued by offering customized retirement plans and benefits, available through CUSO Financial Services, L.P.**

Your hard-earned money is safe

  • 5 star superior rating

    Received Bauer Financial's 5-star Superior rating for strength based on financial data as of June 30, 2023.

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Have a question?

At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.

Give your employees a brighter future

Offer a retirement plan that not only allows them to save, but also provides benefits.

  • *For information regarding tax implications, please consult a tax advisor.

    **Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members.

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