I have a client who are a group of doctors within a hospital. They are set up as partnership and none of these 20 or so doctors are employees of the hospital. They receive K1 income as partners. They currently have a profit share 401k. Some of thse doctors are asking me if they can drop out of the plan and instead do a SEP. If you take a typical doctor who has no outside income ( such as consulting) and only has ths k1 partnership income .. can he do a SEP? I am not asking if the partnership as a whole can do a SEP but I would like to know if an individual doctor underthese circumstances can do so.