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SEP, SARSEP and SIMPLE Plans

Can an employer make a catchup contribution to a SEP?

Guest BeanCounter

By Guest BeanCounter
March 15, 2005 in SEP, SARSEP and SIMPLE Plans

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https://benefitslink.com/boards/topic/28209-can-an-employer-make-a-catchup-contribution-to-a-sep/

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Guest BeanCounter

Guest BeanCounter

Posted March 15, 2005

Posted March 15, 2005

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.

Bird

Bird

Posted March 15, 2005

Posted March 15, 2005

You are correct, since the SEP does not provide for employee contributions there can be no catchups.

Ed Snyder

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