skip to main content

Online banking access

PERSONAL LOGIN

Enroll Now Learn More Forgot Password

Online banking access

BUSINESS LOGIN

Don’t Have an Account? Learn More

Simplified Employee Pension Plan (SEP)

Contribute today and safeguard your employees’ tomorrow.

Contribute today and safeguard your employees’ tomorrow.

A SEP IRA is an effective and simple way for business owners and self-employed individuals to build their retirement savings at Kearny Bank.

SEPs are easy to set up and maintain with little paperwork and administrative responsibility, and almost any type of business is eligible, including sole proprietors, small businesses, partnerships, S and C corporations, even nonprofits.

Contribute when cash flow allows

With a SEP IRA, contributions are not mandatory, so you can make contributions to employee accounts in the good years and skip years when cash is in short supply.

Contributions are generally tax-deductible, and if this is your first SEP IRA you may be eligible for a tax credit of up to $500 for each of the first three years.

Funds that grow faster

SEP IRAs also have high contribution limits, allowing up to $56,000 a year per employee, and are tax deferred until the money is withdrawn at retirement. Interest also compounds over time, accumulating additional earnings.

X

Leaving Website Disclosure

This link will redirect you to a site that may have certain associated risks, including not being insured by federal deposit insurance.

To remain at our site, click BACK. To leave our site for the link you selected, click OK.

Thank you for visiting Kearny Bank's website.