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BenefitsLink Message Boards > Retirement Plans > SEP, SARSEP and SIMPLE Plans
MarZDoates
Can a SEP that currently has a 2 year service requirement be amended to 3 years?
Gary Lesser
The amendment if made before the contribution is made is allowable. However, there is an unsettled issue if "prohibited group members" could not have met the new eligibility requirement at the time the plan was originally adopted. The IRS has never issued any guidance with respect to rolling eligibility under a SEP.
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