Many of your self-employed clients are looking for a low-cost way to offer retirement benefits to their employees. That means you need to provide them with the tools necessary to secure retirement income that continues to grow. A Simplified Employee Pension Plan, commonly known as a SEP IRA, provides self-employed people and small-business owners a flexible, convenient, and affordable way to contribute to their own, and their employees', retirement savings.

Today's opportunity

With comparatively high contribution limits and minimal administrative costs, a SEP IRA allows self-employed people and small-business owners to make the most of the assets directed toward employee benefits.

Investors who could benefit

  • Self-employed individuals and small business owners seeking a simple, inexpensive retirement plan that permits generous contributions.
  • Sole proprietors (doctors, lawyers, consultants, accountants, electricians, programmers) and small businesses.

Take advantage: Putnam Small Business SEP IRA

  • Higher levels of contributions than Traditional or Roth IRAs — $66,000 or 25% of each employee's compensation for 2023 (20% of compensation if investors are self-employed), whichever is less.
  • Plan participants pay no taxes on their contributions, including dividends and capital gains, until they begin withdrawing money.
  • The only administrative expense normally associated with a Putnam SEP IRA is a $25 annual maintenance fee paid by each plan participant.
  • Investors can choose from a broad range of investment options covering a wide array of investment styles.
  • Sponsors and participants receive top-quality service and support from a team of dedicated Putnam representatives.


Use Type
Review the features and benefits of the Putnam SEP IRA for plan sponsors and participants. PDF
Download fillable applications and forms for the Putnam SEP IRA. Web Page

Withdrawals are subject to income tax, and those made before age 59½ may be subject to an additional 10% tax.