LIBERTYKID Posted October 1, 2002 Report Share Posted October 1, 2002 Employer establishes a SEP through the adoption of a SEP Adoption Agreement with an insurance company in 1997, and made contributions through 2001. This year the employer set up a 401(k) plan, and does not intend to contribute to the SEP plan. Does the employer have to amend the SEP for GUST, etc.? Does it matter that the owner still has an IRA funded with the SEP contributions? Can the owner convert the IRA to a "traditional" IRA to avoid updating the SEP? Link to comment Share on other sites More sharing options...
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