Information on the 5306-SEP form

[Guest Jeff D]

How do you set up a SEP using the 5306-SEP form?

[Appleby]

The employer completes and signed the Form 5305. A copy must be provided to his eligible employees , if any.

Employees who wich to participate in the SEP, must sign an IRA adoption agreement. Some custodians/trustees require a copy of the 5305 form along with the IRA adoption agreement.

Once the SEP IRA is setablished, then it can be funded with the SEP contributions