Hello,

I own a construction company and have a handful of employees who are all 1099 contractors. I just wanted to confirm that if I open a SEP for myself there would be no match to these employees required since they are all 1099. I’m 99% confident that is the case, but wanted to make sure.

I also wanted to confirm there is no income limit that would disqualify me from contributing to the SEP or receiving the deduction.

Thank you in advance!