BenefitsLink Message Boards > Can an employer make a catchup contribution to a SEP?

Full Version: Can an employer make a catchup contribution to a SEP?

BenefitsLink Message Boards > Retirement Plans > SEP, SARSEP and SIMPLE Plans

BeanCounter

Mar 15 2005, 11:19 AM

I have a sole proprietor client that has a SEP. He contributes for himself and all eligible employees.

He is over 50. Can he make a catchup contribution to his SEP?

From the research I have done previously it appears that he could only make a catchup contribution if he had a SARSEP. Is this correct?

Any help or advice will be greatly appreciated.

Bird

Mar 15 2005, 12:03 PM

You are correct, since the SEP does not provide for employee contributions there can be no catchups.

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