SEP-IRA

A SEP-IRA is one of the easiest small business retirement plans to set up and maintain. You can make sizable contributions for yourself and any eligible employees. There's little administration, and tax filing isn't required. And you can vary contributions from year to year—or even skip a year.

Overview

  • What are the fees and commissions?

    • $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply1.
    • Account minimum: $0
    • Commissions: $0 per online listed equity trades;2 $0 per Schwab ETF online trade in your Schwab account3
       

    There are no fees to open or maintain your account. Other fees may apply; please see Account Pricing.

  • What do I get with this SEP-IRA?

    Every Schwab account comes with one-on-one investment help and guidance. With this account, you’ll also get:

    • Tax-deductible contributions that vest immediately
    • Tax-deferred earnings
    • Flexible annual contributions
    • High contributions for you
    • A way to contribute to qualified employees’ accounts
    • Retirement planning tools and resources
    • 24/7 service and support

Account Pricing

There is no fee to open or maintain an account at Schwab. Our SEP-IRA offers:

  • Minimum opening deposit: $0
  • $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply1.
  • Trade commissions: $0 per online listed equity trades;2 $0 per Schwab ETF online trade in your Schwab account3

Find out more about our fees and minimums.

Related Questions

Have questions about our SEP-IRA? Here are responses to some of the most common questions we hear. If you have a specific question that’s not answered here, please call us at 800-435-4000.

Establish Your Plan

Follow these instructions for establishing and contributing to a SEP-IRA plan. Need help? Call us at 800-435-4000.

  1. Review the basic plan document, which describes and governs your account, and keep it for your records.
  2. Print and complete the adoption agreement. Retain a copy and return the signed original to Schwab.
  3. Print and complete your account application. Retain a copy and return the signed original to Schwab.
  4. Print and complete your employer's agreement. Retain a copy and return the signed original to Schwab.
  5. Read answers to frequently asked questions about the Schwab SEP-IRA.
  6. Optional: Review the benefits, features, and contribution eligibility of the plan.
  7. If you are a single owner sole proprietor, you can setup a SEP plan and open a SEP IRA online. You will be required to upload a signed Employer’s Agreement and Adoption Agreement during account open.

    Not a single owner sole proprietor? You can still open the account by paper application.

What comes next?

After you've done your initial paperwork, here are the next steps.

Next steps

  • Take the next step.

    Ready to establish a SEP-IRA plan? Get detailed instructions above in Establish Your Plan.

    Or call 800-435-4000.

    See all Schwab accounts.

  • Ready to get started?

    If you are a single owner sole proprietor, you can setup a SEP plan and open a SEP IRA online. You will be required to upload a signed Employer's Agreement and Adoption Agreement during account open.

    Not a single owner sole proprietor? Review the Establish Your Plan section above and follow the directions to open the account by paper application.