ERISA13 Posted October 11, 2011 Posted October 11, 2011 A business owner sponsors a 401K plan for his employees in which he participates. He also has some income he receives as self-employed income. Could he make a SEP contribution from the self-employed income? If so, are contributions allocated to him in the 401K plan aggregated with the SEP contributions in determining his maximum 415 annual additions limit?
ETA Consulting LLC Posted October 11, 2011 Posted October 11, 2011 The contributions to the SEP will be aggregated for the 415 limit. Also, they are a controlled group of companies, so the SEP eligibility must be determined across all related employers. What you're proposing will, likely, not work. Good Luck! CPC, QPA, QKA, TGPC, ERPA
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