Simplified Employee Pension Plans (SEP-IRAs) give you and your employees a simple, tax-deferred way to save for the future. Call 1-800-831-1344 to get started.
Download the SEP-IRA Employer Guidebook (PDF)
Download the SEP-IRA Employee Guidebook (PDF)
Employers: Establish a SEP-IRA
Employees: Open a SEP-IRA
Returning Customer?
Log in as a Participant
Log in as a Plan Administrator of an Individual 401(k), SEP-IRA, or SIMPLE IRA
Want to learn more about SEP-IRAs?
View answers to common questions on our SEP-IRA FAQ page.
| Eligible Employer: | Self-employed individuals and business owners who wish to make contributions for themselves and their employees. Employers using leased employees or that have any other retirement plan may not use IRS Form 5305-SEP. |
| Employer Deductible Limit: | Up to 25% of total compensation* of eligible employees. Contribution percentage is determined by employer each year. Each eligible employee must receive the same percentage of compensation. |
| Maximum Contribution for Employees: | For 2025, the lesser of $70,000 or 25% of compensation. For 2026, the lesser of $72,000 or 25% of compensation. |
| Salary Deferrals Allowed: | No. |
| Employer Fees: | No set-up costs |
| Annual Participant Account Service Fee: | $20 fee may apply1 |
| Plan Set-up Deadline | Your company's tax filing deadline (including extensions) |
| Reporting Requirements: | No plan tax filing is required, IRA based plan |
| Investment Options: | Choose from more than 150 no-load mutual funds |
Consider the Example Below:
| Without a SEP-IRA Plan | With a SEP-IRA Plan | |
|---|---|---|
| Net Business Income | $100,000 | $100,000 |
| Less: 1/2 Employment Tax | $7,065 | $7,065 |
| Less: Standard Deduction | $30,000 | $30,000 |
| Less: Plan Contribution | $0 | $18,587 |
| Taxable Income | $62,935 | $44,348 |
| Regular Tax Due | $7,075 | $4,845 |
| Self-Employment Tax Due | $14,130 | $14,130 |
| Total Tax Before Tax Credits | $21,205 | $18,974 |
| Tax Savings** | $0 | $2,230 |
Start building a brighter financial future today—for you and your employees.
Step 1: Complete the forms and mail them to T. Rowe Price
The IRS Form 5305-SEP (PDF) identifies which employees will be eligible for the SEP plan. Keep the executed original and mail a copy to T. Rowe Price.
The Information and Services Agreement (PDF) allows you to establish a SEP-IRA Program at T. Rowe Price and set up online account access using T. Rowe Price's Plan Sponsor Web site (PSW).
Please review the T. Rowe Price Traditional and Roth IRA Disclosure Statement and Custodial Agreement (PDF) before completing the Information and Services Agreement (PDF).
Use the Participant Account Form (PDF) to establish your plan account. Each eligible employee will need to complete a Participant Account form as well.
Complete the Participant Transfer-In Form (PDF) to move an existing SEP-IRA to T. Rowe Price. Each participant completes a separate form for each type of account being transferred and for each custodian.
Step 2: Get your Plan Sponsor website operator ID
A unique Operator ID will be mailed to you once your application has been processed. It should arrive within 7 to 10 days.
Step 3: Activate and set up your Plan Sponsor website
Once you've received your Operator ID and temporary password, you can access Plan Sponsor Web, which allows you to administer your SEP-IRA online.
Activate and Set Up
Step 4: Distribute SEP-IRA Account-Opening forms to your employees
Download and print copies of the SEP-IRA Participant Account Form (PDF) and the T. Rowe Price Traditional and Roth IRA Disclosure Statement and Custodial Agreement (PDF) and distribute to your employees.
Employees can also download these forms as found in the employee directions below, or contact a T. Rowe Price client representative.
Has your employer already established a SEP-IRA Program at T. Rowe Price? If so, don't miss out on valuable savings for your future.
Only use these forms if your employer has already established a SEP-IRA Program at T. Rowe Price.
Step 1: Download and complete the Participant Account form
Please review the T. Rowe Price Traditional and Roth IRA Disclosure Statement and Custodial Agreement (PDF) before completing the Participant Account form (PDF). Once you've completed the Participant Account form, give it to your employer to set up your account. If you need help selecting mutual funds, contact T. Rowe Price.
Step 2 (optional): Transfer your existing SEP-IRA to T. Rowe Price
Consolidating all your SEP-IRA assets in one place can help simplify your financial life. Once you've downloaded and completed this form, and your employer has set up your account, send the form to T. Rowe Price at the address provided on the form.
Participant Transfer-In/403(b) Exchange-In Form (PDF)
All investments are subject to market risk, including the possible loss of principal. Mutual funds are subject to management fees and expenses.
A retirement account should be considered a long-term investment. Retirement accounts generally have expenses and account fees, which may impact the value of the account. Early withdrawals are subject to taxes and possible penalties. Maximum contributions are subject to eligibility requirements. For more detailed information about taxes, consult a tax or legal professional.
This material has been prepared for general and educational purposes only. This material does not provide recommendations concerning investments, investment strategies, or account types. It is not individualized to the needs of any specific investor and it is not intended to suggest that any particular investment action is appropriate for you, nor is it intended to serve as a primary basis for investment decision-making. T. Rowe Price, its affiliates, and its associates do not provide legal or tax advice.
*Maximum amount of compensation that can be used in determining contribution is $350,000 for tax year 2025 and $360,000 for tax year 2026. This amount is increased periodically for inflation.
**Based on 2025 IRS Tax Tables. This chart represents an unincorporated, self-employed, married individual under age 50 with two dependent children, filing jointly. The individual has net business income of $100,000 and the spouse has no earned income. The chart shows the difference between the tax due if no contributions are made and the tax due if the maximum contribution is made to a SEP-IRA Plan. While personal exemptions have been eliminated, there is a child tax credit of $2,000 for each child for 2025, subject to phase-out at a higher income level. This calculation has not taken into account the pass-through deduction that may be available. Actual savings will vary depending on your personal circumstances and the availability of the pass-through deduction. Please consult with your tax advisor to discuss your specific situation.
1An annual $20 account service fee is charged for each mutual fund account with a balance below $10,000. The $20 account service fee will be waived for the following circumstances: Subscribe to electronic delivery of statements and confirmations; maintain an individual combined balance of $50,000 or more for all T. Rowe Price accounts (including mutual funds, Brokerage, and Small Business Retirement Plans); or qualify for the T. Rowe Price Summit Program. Participants can subscribe to paperless delivery via T. Rowe Price Workplace Retirement once their account is established. If the Account is closed during the year, a $20 closeout fee will be deducted automatically from the proceeds of the total redemption. However, the closeout fee is waived when an account service fee was previously assessed to the participant account for that year or when the proceeds are being used for a rollover, transfer or conversion to a T. Rowe Price retirement plan account or T. Rowe Price IRA.
An IRA should be considered a long-term investment. IRAs generally have expenses and account fees, which may impact the value of the account. Nonqualified withdrawals may be subject to taxes and penalties. Maximum contributions are subject to eligibility requirements. For more detailed information about taxes, consult IRS Publication 590 or a tax advisor regarding personal circumstances.
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