Changing a model SEP plan to a plain SEP plain; how does one do that? What variations in eligiblity requirements occur between the two?

[Guest Enda80]

Changing a model SEP plan to a plain SEP plain; how does one do that? What variations in eligibility requirements occur between the two?

[Jim Chad]

In my experience a model SEP usually refers to a SEP set up using the IRS form. (5305-SEP, I think).

When you say "plain SEP Plan" are you referring to using the document provided by an investment provider?

[GBurns]

I thought that a "plain SEP" was one that used the IRS model.