Simplified Employee Pensions (SEPs)

A Simplified Employee Pension (SEP) provides a straightforward and flexible retirement savings option for businesses of all sizes, allowing employers to contribute to their employees’ retirement funds while enjoying tax benefits.

Key Features and Benefits:

• Tax-Deferred Savings: Contributions made to SEP-IRAs grow tax-deferred until withdrawn, allowing for potential accumulation of wealth over time.
• Employer Contributions Only: Employers make contributions to SEP-IRAs on behalf of their employees, providing a valuable retirement benefit without requiring employee contributions.
• Completely Portable: SEP-IRA accounts are owned by the individual employees, allowing them to maintain control over their retirement savings even if they change employers.

Invest in Your Employees’ Future

SEPs offer a convenient and cost-effective way for employers to help their employees save for retirement while enjoying potential tax advantages for their business. Contact us to learn more about implementing a SEP for your business and providing a valuable retirement benefit for your employees.

Advisory products and services are offered by Investment Advisory Representatives through Uwharrie Investment Advisors, a Registered Investment Advisor and subsidiary of Uwharrie Capital Corp and an affiliate of Uwharrie Bank.

Retail brokerage and insurance products are offered by Registered Representatives through Private Client Services, LLC. FINRA and SIPC member. Private Client Services and Uwharrie Capital Corp along with its affiliates and/or subsidiaries are separate, distinct, and unaffiliated entities. It is important to note that the securities and insurance offered are: NOT BANK DEPOSITS AND NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY – NOT OBLIGATIONS OF OR GUARANTEED BY ANY FINANCIAL INSTITUTION – SUBJECT TO RISK AND MAY LOSE VALUE. Risk(s) will vary depending on investment made by the client. A Uwharrie Investment Advisor Representative will review these risk(s) with the client prior to investing.

Customer Disclosures and Client Relationship Summary (Form CRS)