Opening and Managing Your SEP-IRA Account
About SEP-IRA Accounts

These accounts give small business owners and their employees a cost-effective way to save for retirement. 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 before completing the Participant Account form. 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.

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.

Consider all available options, which include remaining with your current retirement plan, rolling over into a new employer's plan or IRA, or cashing out the account value. When deciding between an employer-sponsored plan and an IRA, there may be important differences to consider --such as range of investment options, fees and expenses, availability of services, and distribution rules (including differences in applicable taxes and penalties). Depending on your plan's investment options, in some cases, the investment management fees associated with your plan's investment options may be lower than similar investment options offered outside the plan.

Call a Small Business Retirement Specialist at 1-800-831-1229