Employer SEP Contribution

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  • Roland Slugg
    replied
    A SEP is just a special type of an IRA. The company's employees can contribute to their own respective IRAs if they otherwise meet the eligibility rules.

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    • Burke
      started a topic Employer SEP Contribution

      Employer SEP Contribution

      Employer's S-Corp has a SEP plan, where the company contributes $100 per month to all eligible employees, including himself. The company deducts these payments. Can any of these employees, including himself, make a voluntary contribution to this plan? As long as they do not exceed the limitations? And if so, would they deduct it somewhere?
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