Jump to content

Participation in multiple SEPs


Recommended Posts

I just want to verify whether an individual has multiple SEP limits when working for multiple employers.

"A" is self-employed, earning $300,000 annualy and sponsors his own SEP making a maximum contribution of $51,000.

"A" is also an employee of non-related company X where he earns $200,000 in W2 compensation.

Company "X" also sponsors a SEP and contributes 25%.

Can "A" receive his $51,000 SEP contribution from his own company and an additional $50,000 SEP contribution from company "X"?

I know this is possible in qualified plans but the "individual" limit wording for SEPs makes me nervous. Thank you for your help!

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...