Simplified Employee Pension (SEP) Plan
You can help your employees stretch their retirement savings while reducing your company's tax burden. By setting up a Simplified Employee Pension Plan, also known as a SEP, at Bank of York, you can offer your team an easy way to set aside funds for retirement. When you match their contributions, you'll give them an even better reason to save. Plus, your matching deposits may qualify your company for some significant tax deductions.
Expert financial authors like David Bach and Suze Orman recommend saving retirement funds using pre-tax contributions. They're simple, they're automatic, and they reduce the chance that one of your employees will be tempted to spend that money right now. By setting up your SEP at Bank of York, your employees will earn a guaranteed return on their retirement savings. At the same time, those deposits help us finance other businesses right here in York County.
Visit one of our convenient York County bank branches today to learn how easily you can help your employees save for retirement.