Jump to content

What does the employer do when he can not locate participants to open


Guest
 Share

Recommended Posts

Employer can not locate participants to open an IRA account for the SEP. What are the employer's options? Does the money go back to the employer? Do they open another type account for the missing employee?

Any assistance is appreciated.

Link to comment
Share on other sites

  • 4 weeks later...

The regulations under Code Section 408 require (and allow) an employer to establish the IRA (and sign any documents) on behalf of the participant so that the contribution can be made.

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...