RETIREMENT INVESTMENTS

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OUR RATES

OFFERING CIRCULAR

Our Retirement Investments offer a range of tax-advantaged options to help you grow your retirement investment while aligning with your values. Choose from Traditional or Roth IRAs for personal investing, or explore SEP and SIMPLE IRA Employer Plans for retirement solutions.

Tax Advantages

Save more with deferred
or tax-free earnings

Easy Rollovers

Seamlessly transfer funds from
existing retirement accounts

Long-Term Growth

Benefit from compounding
interest over time

No Setup Fees

Open an account without
extra costs or hidden fees

Explore our Individual IRA Plans

Find the perfect fit for your personal retirement goals. Choose a Traditional IRA for tax-deferred growth or a Roth IRA for tax-free withdrawals in retirement. With excellent rates and flexible contributions, our IRAs are designed to help you build wealth and secure your future.

Traditional IRA Features

Tax-Deductible Contributions: Reduce your taxable income with potential deductions.
Tax-Deferred Growth: Earnings grow tax-free until withdrawal during retirement.
Flexible Contribution Limits: Contribute up to the annual limit set by the IRS.
Catch-Up Contributions: Individuals 50 and older can contribute extra to your retirement account.
Required Minimum Distributions (RMDs): Withdrawals are required starting at age 73.
Early Withdrawal Penalties: Withdrawals before age 59½ may incur penalties and taxes.
Rollovers from Other Accounts: Easily transfer funds from existing retirement accounts without penalties.

Roth IRA Features

Tax-Free Withdrawals: Enjoy tax-free distributions in retirement, provided certain conditions are met.
Contributions Are After-Tax: Pay taxes on contributions upfront, allowing for tax-free growth.
Flexible Contribution Limits: Contribute up to the annual limit set by the IRS, with the ability to withdraw contributions anytime without penalties.
Catch-Up Contributions: Individuals 50 and older can contribute extra to enhance their retirement account.
Income Limits for Contributions: Eligibility to contribute phases out at higher income levels.
Early Withdrawal Options: Access contributions without penalty; earnings may incur taxes if withdrawn early.

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Explore our Employer IRA Plans

For businesses and self-employed individuals, we offer SEP and SIMPLE IRA plans to provide employees—and yourself—with valuable retirement benefits. These tax-advantaged plans are easy to set up and manage, offering a smart way to attract and retain talent while planning for long-term financial security.

SEP Employer Features

Flexible Contribution Limits: Employers can contribute up to 25% of each employee’s compensation, with an annual cap set by the IRS.
Tax-Deductible Contributions: Contributions made by the employer are tax-deductible, reducing taxable income.
Easy to Set Up: Simple to establish and maintain, making it a great choice for small businesses.
Employee Eligibility: All employees age 21 or older with at least three years of service are eligible to participate.
No Annual Filing Requirements: Unlike other plans, SEP IRAs do not require annual reporting to the IRS.
Wide Range of Investment Options: Employees can choose from various investment vehicles to grow their retirement account.
Employer Contributions Only: Employees cannot make contributions, which simplifies plan administration.
Portable Accounts: Employees can easily transfer their SEP IRA to another institution if they change jobs.

SIMPLE Employer Features

Easy Setup and Administration: SIMPLE plans are straightforward to establish and manage, making them ideal for small businesses.
Mandatory Employer Contributions: Employers must match employee contributions up to 3% of their compensation or contribute a flat 2% for all eligible employees.
Employee Contribution Options: Employees can contribute a percentage of their salary, up to an annual limit set by the IRS.
Tax-Deductible Contributions: Employer contributions are tax-deductible, reducing taxable income for the business.
Immediate Vesting: Employees are fully vested in their contributions and employer contributions from day one.
Eligibility Requirements: Employees earning at least $5,000 in any two preceding years are eligible to participate.
Annual Filing Requirements: SIMPLE plans require less paperwork compared to other retirement plans, with minimal reporting needed.

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Explore our 403(b) Plans

Our 403(b) plan allows you and your staff to start retirement accounts that earn an excellent interest rate while helping grow the Kingdom. This plan will assist you and your ministry staff in initiating investments into retirement accounts. The Solomon Foundation makes it easy to open a 403(b) account and get started quickly.

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Frequently Asked Questions

Curious if a Retirement Plan is the right choice for you? Check out these common questions to learn more. If you need further assistance, don’t hesitate to contact us—we’re happy to help!

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What’s the difference between a Traditional and a Roth IRA?

A Traditional IRA allows for tax-deductible contributions, with taxes paid upon withdrawal in retirement. In contrast, a Roth IRA involves after-tax contributions, allowing tax-free withdrawals in retirement.

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Are there income limits for contributing to a Roth IRA?

Yes, income limits apply based on your tax filing status and Modified Adjusted Gross Income (MAGI). Check the current IRS guidelines for the most accurate details.

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What are SEP and SIMPLE IRAs, and how do they differ?

SEP IRA (Simplified Employee Pension): A retirement plan primarily for self-employed individuals or small business owners. Employers contribute directly to employees' accounts, and contributions are flexible and higher than traditional IRAs. Employees cannot contribute.

SIMPLE IRA (Savings Incentive Match Plan for Employees): A retirement plan for small businesses with fewer than 100 employees. Both employers and employees can contribute. Employers must either match employee contributions up to 3% of salary or make a 2% non-elective contribution for all eligible employees.

The key difference is who can contribute and the contribution requirements. SEP IRAs focus on employer-only contributions, while SIMPLE IRAs involve both employer and employee contributions.

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Are there penalties for early withdrawals?

Yes, early withdrawals from SEP or SIMPLE IRAs before age 59½ are typically subject to a 10% penalty, in addition to regular income tax. For SIMPLE IRAs, the penalty increases to 25% if the withdrawal occurs within the first two years of participation. Certain exceptions may apply.

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How much can I contribute to a SEP or SIMPLE IRA as an employer?

SEP IRA: Employers can contribute up to 25% of an employee’s compensation or a maximum of $66,000 in 2025, whichever is less. Contributions must be the same percentage for all eligible employees.

SIMPLE IRA: Employers must either match employee contributions dollar-for-dollar up to 3% of the employee’s salary or make a non-elective contribution of 2% of each eligible employee’s salary, regardless of whether the employee contributes.

Contribution limits may be subject to annual adjustments, so it’s important to check current guidelines.