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Can an employer make a catchup contribution to a SEP?


Guest BeanCounter
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Guest BeanCounter

I have a sole proprietor client that has a SEP. He contributes for himself and all eligible employees.

He is over 50. Can he make a catchup contribution to his SEP?

From the research I have done previously it appears that he could only make a catchup contribution if he had a SARSEP. Is this correct?

Any help or advice will be greatly appreciated.

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