mjn
Feb 16 2005, 08:47 PM
Can a SEP exclude the owner from participation? A client wants to do something for his employees, but doesn't want to put anything in for himself.
Thanks.
Gary Lesser
Feb 16 2005, 10:31 PM
The owner must participate in the SEP if eligible. If over age 59-1/2(or another exception applies), he or she can immediately remove the funds. Sad, but true. Hope this helps.