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WESTCONSIN INVESTMENT ADVISORS

Retirement Plans

Helping You Reach Your Financial Goals

Discover personal service and professional advice with WESTconsin Investment Advisors, located at WESTconsin Credit Union. We have the knowledge and experience as well as the services and products you need to help pursue and protect your financial future.

Simplified Employee Pension (SEP) Plans

A Simplified Employee Pension (SEP) plan provides business owners, of any size business, with a simplified method to contribute toward their employees’ retirement as well as their own retirement savings. Contributions are made to an Individual Retirement Account or Annuity (IRA) set up for each plan participant (a SEP-IRA).

A SEP-IRA account is a traditional IRA and follows the same investment, distribution, and rollover rules as traditional IRAs. 

  • Easy to set up and operate
  • Low administrative costs
  • Flexible annual contributions – good plan if cash flow is an issue
  • Employer must contribute equally for all eligible employees

Simplified Employee Pension (SEP) Plans


SIMPLE IRA Plan

SIMPLE IRA plans can provide a significant source of income at retirement by allowing employers and employees to set aside money in retirement accounts. SIMPLE IRA plans do not have the start-up and operating costs of a conventional retirement plan.

  • Available to any small business – generally with 100 or fewer employees
  • Easy and inexpensive to set up and operate
  • Employees share responsibility for their retirement
  • No discrimination testing required
  • Inflexible contributions
  • Lower contribution limits than some other retirement plans

SIMPLE IRA Plan


One-Participant 401(k) Plans

The one-participant 401(k) plan isn't a new type of 401(k) plan. It's a traditional 401(k) plan covering a business owner with no employees, or that person and his or her spouse. These plans have the same rules and requirements as any other 401(k) plan. Business owner can contribute both as an employer and employee.

One-Participant 401(k) Plans

Some policies are brokered. For complete information on mutual funds, variable annuities, variable life or unit investment trusts, including fees and charges, obtain a prospectus from CUNA Brokerage Services, Inc. Read it carefully before you invest or send money. Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

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