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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

Your employees only pay taxes when they withdraw the funds during retirement.

Contribute up to $58,000 per person per year

Higher contribution allowance than traditional and Roth IRAs, which are capped at $6,000.

SEP plans are available for all types of businesses

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

Good to know

Withdrawals are taxable

Withdrawals during retirement are taxed like regular income.

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.

Additional eligibility limits

Certain nonresident aliens and union employees may not be eligible

Minimum earning requirements

Employees must earn at least $650 in compensation.

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.

Your hard-earned money is safe

  • a-plus-stability-rating

    Rated one of 21 strongest credit unions in the US by Weiss Ratings in 2021

  • 4th-healthiest-cu

    Rated 4th healthiest credit union in the US by Glatt Consulting HealthScore in 2020

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.