Open a SEP Retirement Plan from Merrill Edge
Small Business SEP IRA
SEP IRA Quick Facts
  • Convenient to set up and maintain
  • Less paperwork than many small business retirement plans
  • No program administration fees
  • The ability to change your contribution rate based on cash flow
  • No start-up or annual program administrative fees. See pricing details
Read our SEP IRA fact sheet
Tax Benefits
  • Opportunity to contribute up to a total of $50,000 for 2012 ($51,000 for 2013)* for yourself and each employee. Each SEP IRA account owner pays tax on the contributions (and earnings) only when withdrawn from his or her account.
  • 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.1
  • As the business owner, you may be eligible for a tax credit up to $500 each year for the first three years.2
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.
  • Access to Merrill Lynch E-contribs for Small Business Retirement Accounts for convenient, online contributions.
*Contribution limits for subsequent years may vary.

1 As the business owner, your contributions to your SEP IRA account and deductions for such contributions may vary based on your net earnings and self-employment tax deduction. Please consult your tax advisor.

2 If this is your first SEP IRA plan and you have 100 or fewer employees who received at least $5,000 in compensation from you in the preceding year, you may be able to claim a tax credit for the cost of setting-up the SEP and educating employees.

3 Institutional Investor magazine announced BofA Merrill Lynch Global Research as the Top Global Research Firm for 2011, based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. For more information about this award, go to www.iinews.com/site/pdfs/researchaward.pdf
Ready To Get Started?
Open a SEP IRA
Open a small business SEP IRA. Call the Merrill Edge Advisory Center to speak with a member of our team of Small Business Financial Solutions Advisors toll-free at 855.667.9451, Mon. - Fri. 8 a.m. to 8 p.m.
Questions & answers