Robert Lees
Feb 18 1999, 07:23 PM
Employer maintains a SEP. Only has himself and one employee. Can he only make the employer contribution to the employee (NHCE) and not give himself one (HCE)?
Gary Steven Lesser
Feb 19 1999, 10:55 PM
No. All eligible employees (and owners if self-employed) must participate; there can be no opting out. If over 59.5, then it could be an "in-out."