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SEP IRA

First Republic can help your company set up a Simplified Employee Pension Plan, providing long-term financial security and a way to differentiate yourself from the competition.
Benefits
  • Tax-deferred and tax-deductible contributions
  • Higher contribution limits than Roth and Traditional IRAs
  • Not subject to bank trustee fees
  • FDIC-insured to legal maximum
Product Details
  • Requires minimum opening balance
  • Employer-only contributions — a set, identical percentage per employee
  • Interest compounded daily
  • Contributions up to age 70½, when minimum withdrawals must begin
  • Penalty for withdrawals before age 59½
  • Subject to annual contribution limit of 25% of compensation or $53,000, whichever is less
  • Set up as Certificate of Deposit, Money Market Savings or Passbook Savings account

Featured Services

  • The First Republic ATM Card and ATM/Debit Card allow you to access your funds worldwide.

  • Refinance your student loans with the Eagle Gold All-in-One loan and put your savings to work.

  • For quick, safe and reliable transfer of funds between banks.

  • Gain access to your accounts, transfer funds and pay bills quickly and securely from the convenience of your home or mobile device with our online and mobile banking offerings.

  • At First Republic, we pride ourselves on providing a high level of client service as standard. For all the classic banking services we offer, your personal banker will work with you to determine the best solution to fit your needs.

Member FDIC, Equal Housing Lender