Jeff D
Mar 20 2001, 03:50 PM
How do you set up a SEP using the 5306-SEP form?
Appleby
Apr 5 2001, 06:27 PM
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