Ananda Posted December 17, 2021 Report Share Posted December 17, 2021 My client has a SEP IRA that received contributions for 2021. However, the client wants to set up a DB Plan by year end 2021. Does setting up a DB Plan automatically invalidate the SEP IRA resulting in "excess contributions" for the SEP per 408(d)(4), and thus a tax free distribution to participants if made before tax return is filed in 2022? Link to comment Share on other sites More sharing options...
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