Guest amfam2 Posted August 6, 2002 Share Posted August 6, 2002 In IRS Notice 2002-10, 4.05 the IRS mentions that employers are required to notify eligible participants of the increased contribution limits into SEP & SIMPLE IRA plans due to EGTRRA. I haven't heard much about this notice requirement. I found a sample notice on the BISYS website. However, I am confused: I understand the necessity of informing participants in a SIMPLE & SARSEP plan of the increased contribution limits. But why would there be a notice requirement for employers to notify participants of the increased employer contribution limits under EGTRRA for SEP plans - especially if the participant has no say in how much (or whether) the employer will make a SEP contribution. Has anyone heard if the IRS's intent in Notice 2002-10, 4.05 was directed only at SIMPLE and SAR-SEPs but not including SEPs? Has anyone heard much about this notice requirement at all? Link to comment Share on other sites More sharing options...
Guest amfam2 Posted August 6, 2002 Share Posted August 6, 2002 Whoops! I mean Rev-Proc 2002-10. Sorry..... Link to comment Share on other sites More sharing options...
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