Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How is a SEP funded?

SEP
0
Posted

How is a SEP funded?

0

The employee opens a traditional IRA, to which employer contributions are deposited. Contributions are never withheld from pay or made by employees (other than the self-employed person). Contributions are not given directly to the employee, but sent to the employee’s IRA custodian. The employee is immediately and fully vested.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.