ppa & seps

[Beemer]

Are SEP plans subject to the PPA 06 quarterly benefit statement requirements?

[Gary Lesser]

Generally, SEPs follow the alternate disclosure rules; if so, quarterly statements not required.

[Guest mjb]

The legislative history of the 1978 tax act which established SEPs states that after contributions were made by the employer, the rules for IRAs would apply.

[Beemer]

Thanks!