SEP IRA
Financial professional provides individual and investment advice to each participant
A one-time $10 setup fee and ongoing $10 annual fee
Class A and C shares (commissionable) and Class F-2 (fee-based)
Participants choose from a wide range of American Funds, including the American Funds Target Date Retirement Series®
Top-heavy and 415 testing are required. A plan is top heavy if the combined value of key employee accounts is more than 60% of the total of all accounts. IRS Form 5500 and DOL filings are not required