The Merrill Edge Advantage
Our Merrill Edge small business retirement solutions are designed specifically with the needs of small businesses in mind, so you can focus on running your business.
Take a look at the potential benefits for you, and your employees:
Easy to Start, Less Administration
- Convenient to set up and maintain.
- Less administration, and fewer fees, compared to other small business plans.
Plan Features
- The annual contribution percentage is flexible and can be changed from year to year, depending on your business' cash flow.
- Eligible companies include corporate employers, the self-employed, sole proprietorships, partnerships and non-profit.
- No IRS Form 5500 filing.
Tax Benefits
- Opportunity for you and your employees to contribute up to a total of $50,000* after-tax each year per employee. You pay tax only on the earnings when withdrawn, at which time you may also be in a lower tax bracket.
- Contributions you make to your SEP IRA account as the business owner, and the contributions made to each eligible employee's SEP IRA account, are generally 100% tax deductible by the business.
- As the business owner, you may be eligible for up to a $500 tax credit for each of the first three years if this is your first SEP IRA plan and you have 100 or fewer employees
*Contribution limits apply for 2012, per IRS cost-of- living adjustment. Amounts for subsequent years may vary.
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