SEP IRA Eligibility
Is there any way the owners of a business can exclude SEP-IRA contributions for themselves? Instead make pro-rata contributions the eligible (non-owner) employees? I feel confident the 5305-SEP doesn’t allow this type of plan design. What about prototype SEP document?
Thank you
Permalink Submitted by Alan - IRA critic on Wed, 2015-09-09 18:16
I don’t think a prototype SEP would allow owner exclusion either.