Business Banking Retirement Accounts
Retirement Accounts for Business Owners
First State Bank can help qualified business owners establish a retirement account that can help them prepare for enjoying life after business.
SEP IRA - A Simplified Employee Pension is a written arrangement that allows an employer to make contributions toward their employees, or his or her retirement. Qualified business owners can contribute and deduct up to 15% of yearly compensation or up to $30,000, whichever is less.