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Can Employees Contribute to a SEP IRA?

April 26, 2017contribute employees IRA SEP

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Can Employees Contribute to a SEP IRA?

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Employees are not eligible to contribute to an SEP IRA. The employer is the only one that can contribute money to this type of account. Therefore, this type of account differs from many other retirement accounts that allows employees to contribute. Employers also have the ability to decide whether they want to contribute to retirement accounts in a given year. This makes utilizing this type of retirement account very unpredictable, because you do not know how much money will go into it each year.