Guest Marty M Posted December 5, 2001 Share Posted December 5, 2001 I work for a small non-profit 501© 3 organiztion that has a 403(B) plan. I have talked to several people in small non-profit organizations that have SEP plans. Is this something that is possible for us or even recommended? Since contributions are not availble through payroll deductions in a SEP plan, what are the options for a payroll reduction plan as well as an employer contribution. I hope someone can answer this for me. Link to comment Share on other sites More sharing options...
Gary Lesser Posted December 6, 2001 Share Posted December 6, 2001 To avoid ERISA, a 403(B) plan can be established that does not allow for employer contributions (other than by salary reductions). The same employer might adopt a SEP to permit "employer" contributions. Starting in 2002, both plan types are subject to Code Section 415. Link to comment Share on other sites More sharing options...
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