mjbais1489 Posted 15 hours ago Posted 15 hours ago Hi - I usually can keep all the SEP & SIMPLE rules straight but this one is flummoxing me for some reason. Our client started a SEP in 2023 with one year of service as an eligibility rule. Employee was hired October 2024. In May of 2025 they updated the SEP to 3 years of service before eligible for the plan. If they do a SEP contribution for tax year 2025 is the employee required to receive a SEP contribution because they were hired under the 1 year eligibility? or does the employee fall under the 3 year eligibility?
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