SEP-IRA – employee account establishment
Eligible participant refuses to establish a SEP account (he/she is due to receive a contribution)
Does the DOL have a process to follow? What investment should the account be defaulted to? ($ market, QDIA?)
Thanks.
Permalink Submitted by Alan - IRA critic on Tue, 2016-12-13 02:51
I would think that a QDIA investment would be OK, but am not sure . As for the SEP account, the employer should open one for the employee and make the contributions to that account.