All eligible employees must participate and are required to establish and maintain a U.S. Bank Portfolio IRA TM . In addition to the benefits you extend to your employees by adopting U.S. Bank Portfolio SEP TM , the benefits you enjoy as an employer are significant. Wide range of investment options. Inc. It's free. There is no setup or annual maintenance fee for U.S. Bank Portfolio SEP TM , or for the underlying U.S. Bank Portfolio IRA TM .
Contributions are optional.
If you wish, you can make annual tax-deductible contributions for each eligible employee. The plan also allows you to contribute different amounts in different years depending on profitability. It means tax savings. Employer contributions are usually tax deductible. Check with your tax advisor for details.