Eligible Employers

[austin3515]

Is there a listing of who the eligible employers are for a SEP? We're looking at a quasi-govt that has a SEP.

[Belgarath]

I don't know offhand of a listing, although there is undoubtedly one out there somewhere.

A SEP can be maintained by any employer. 408(k) doesn't restrict governmental or tax exempt employers. HOWEVER, a SARSEP was/is restricted - see 408(k)(6)(E) - and of course they are now restricted anyway...

As for a SIMPLE, tax-exempts and governmental may establish them (if you pass the 100 employee test, etc.) see IRS Notice 98-4.

http://www.irs.gov/pub/irs-irbs/irb98-02.pdf