SEP-IRA
The First Retirement Plan SEP (Simplified Employee Pension Plan)
is a low-cost retirement plan which allows you and your employees to build assets for the
future through discretionary, tax-deductible employer contributions.
How a SEP Plan works
A SEP is an employer-sponsored retirement plan which permits you to make deductible
contributions into special IRAs for you and your employees. The special advantages of a
SEP make it easier than you might think to save for retirement:
Flexible contributions. You're permitted to contribute each year up to
15% of compensation or $24,000 (based on annual compensation of $160,000 for 1999, indexed
for inflation), whichever is less, for you and your eligible employees. However, because
you're not locked into making contributions each and every year, a SEP offers maximum
control. You can choose to make contributions annually or only during profitable years -
the choice is yours. Keep in mind, however, SEP regulations require that the same
percentage contribution be applied to all employees' compensation and you must contribute
for all employees who are eligible during a given tax year, even if an employee is
terminated before the contribution is made.
Reduce taxes. Because all contributions made for yourself and your
employees are fully tax deductible as a business expense, a SEP can offer you substantial
tax savings for your business, provided contribution limits are observed.
Attractive employee benefit. You can enjoy tax savings at the same time
you're providing a valuable retirement plan benefit for your employees. Many small
businesses find that offering a SEP helps to attract and retain quality personnel.
Easy to establish and administer. Unlike other qualified retirement
plans, installing a First Retirement Plan SEP requires a minimal amount of paperwork. It's
as easy as setting up an IRA for you and each of your eligible employees. And because
there are no IRS reporting requirements or summary documents to file with the Department
of Labor, a First Retirement Plan SEP is also easy to maintain.
Mutual Fund Investing through the First Omaha Family of Funds. A
professionally managed family of seven no-load funds.
For More Information on Starting Your Plan
It's easy to open a SEP with First Retirement Plan. Call
1-800-401-5460 or e-mail us at: firstretirementplan@fnni.com
for the required forms.
Please remember to always consult your tax and/or legal
advisers for guidance in selecting the Plan which would be best for your business. These
materials are not intended to constitute legal or tax advice.
Notice to Investors
Shares of First Omaha Funds are:
| NOT FDIC INSURED |
May lose value |
No bank guarantee |
An investment in the U.S. Government
Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance
Corporation or any other government agency. Although the Fund seeks to preserve the
value of your investment at $1.00 per share, it is possible to lose money by investing in
the Fund.
First Omaha Funds are distributed by an
independent third party, SEI
Investments Distribution Co.
