Invest in the future, for both your business and your employees.
Nobody knows what tomorrow will bring, so Kearny Bank sets your business and staff up for the future with longer-term, low-risk savings tools that earn higher interest rates and reduce tax implications.
Choosing the right retirement plan for your employees and the right way to save for your business can help give a brighter tomorrow for the people who give you their best every day.
Simplified Employee Pension Plan (SEP)
Contribute today and safeguard your employees’ tomorrow
- Tax deductible contributions are made directly into traditional IRA accounts
- Nearly any type of business can set up a SEP: sole proprietors, small businesses, partnerships, S and C corporations, even nonprofits
- Contributions are optional and can change from year to year
- Higher contribution limits than other retirement plans