SEP & SIMPLE Plans

Fixed and Variable Rate Individual Retirement Accounts* (IRA)

Simplified Employee Pension Plan (SEP)

Simplified Employee Pension Plan (SEP) is a business retirement plan which uses IRAs as the investment vehicle. (The employer places money into its employees' IRAs.) The employer gets an immediate tax break, and the contribution is not income to the employee until distributed from the IRA. To find out how your business can benefit from Conway National Bank's Simplified Employee Pension Plan, please preview this helpful article.

Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)

Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) can be adopted by an employer as either a modified 401(k) plan, or as a unique plan that uses special SIMPLE IRAs to accept all contributions. To find out how your business can benefit from Conway National Bank's Savings Incentive Match Plan, please preview this helpful article.

* Substantial penalty for early withdrawal.