Is a rollover from profit sharing plan to a SEP IRA permissable?

[Guest Ted Kowalchuk, CFP, CFS,]

I know EGTRRA impacted rollovers. But, is a rollover from a profit sharing plan to a SEP IRA permissable?

[jevd]

A SEP IRA account for an employee is nothing more than a Traditional IRA that receives the employer's SEP contribution. It can receive Rolover contributions as well as Traditional IRA annual contributions.

Simple answer. YES.