Pension and Retirement

We offer Simplified Employee Pensions to help you meet your employee's retirement goals for today and tomorrow. Each plan may have one or more Savings and/or Certificate of Deposit accounts.

• Retirement Savings are a simple way to save for retirement. 
• Retirement Certificates of Deposit help lock in earnings to meet your retirement goals. 

Fees 

• There is no Opening Fee. 
• Annual Administration: $15.00 for each retirement plan.
• Partial Distribution or Transfer: $7.50 per occurrence (does not apply to mandatory or normal distributions).
• Periodic Distribution Setup: $15.00 for each retirement plan (does not apply to mandatory or normal distributions).
• Lump Sum Distribution: $20.00 for each retirement plan, at plan termination.
• Consult the Business Fee Schedule for other current service fees.
• Consult the Simplified Employee Pension (SEP) Plans fact sheet for additional retirement plan information.

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