Savings Incentive Match Plan for Employees is an employee matching plan designed for self-employed individuals and small businesses with fewer than 100 employees. Employer sponsored, it has features similar to 401(k) defined contribution plans.
A Simplified Employee Pension IRA is suitable for self-employed individuals and small businesses. Similar to a traditional IRA, a SEP IRA is easy to set-up and administer.
A well-designed 401(k) plan can help attract and keep talented employees, and benefits both rank-and-file employees, owners and managers. Contributions may be invested in stocks, bonds, mutual funds, money market funds, savings accounts, and other investment vehicles. Earnings grow on a tax-deferred basis, while contributions may reduce current taxable income.
Contact an InvestorServices representative at 573.634.0800 or stop by any location to get started.
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