Guest Enda80 Posted April 9, 2009 Posted April 9, 2009 SEP Plans; when can you only have a SEP plan and no other plan simultaneously? As I understand it, under certain circumstances, one can have a SEP plan, and no other plan simultaneously. What type of SEP plan does this rule apply to?
ERISAnut Posted April 10, 2009 Posted April 10, 2009 This rule applies only when the SEP is written to an IRS Form 5305. If you wish to use the SEP with another plan, then you would need to use a SEP prototype.
jevd Posted April 10, 2009 Posted April 10, 2009 This rule applies only when the SEP is written to an IRS Form 5305. If you wish to use the SEP with another plan, then you would need to use a SEP prototype. See instructions to Employer on form 5305-SEP HERE JEVD Making the complex understandable.
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