Get Started


If you’re a small business owner or self employed, a Simplified Employee Pension Plan (SEP) may help you get the tax-deferred benefit you need to grow your retirement savings.

  • Tax-deferred growth
  • Tax-deductible contributions
  • No complicated governmental filing requirements

Compare All IRAs


Individuals who are eligible to establish a SEP and have eligible employees establish SEP IRAs include:

  • Sole proprietors
  • Business owners in a partnership
  • Those earning self-employment income by providing a service


SEP contributions must be made by the employer.

  • Contributions can vary each year (between 0%–25% of compensation up to $51,000 for 2013).
  • Each eligible employee must receive the same percentage.

Employers may contribute until the business tax filing deadline for the year, including extensions.

Catch-up contributions are not allowed with the exception of IRAs that hold the SEP contributions if the SEP IRA documents allow.


Contributions are tax deferred to employees and tax deductible as a business expense.

  • Savings grow tax deferred.
  • Income taxes are paid on withdrawals.


The distribution rules for SEP assets are similar to those of a Traditional IRA.

  • SEP owner must be over 59½, disabled, deceased or a first-time home buyer.
  • 10% early withdrawal penalty applies for withdrawals made before age 59½, subject to certain exceptions.
  • Minimum required distributions start at age 70½.


These products are only a few of the retirement and investment solutions offered by BB&T Investment Services, Inc. For information on other products and solutions, please contact a BB&T Investment Services, Inc. Investment Counselor.

Get Assistance

By Phone

To arrange a meeting, call 800-642-8545.

By Email

Send us a message.

Personal Services Logon


Contact Us

Send us an email

to BB&T Investment Services, Inc.

or call 800-642-8545


More search options