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|Subject: Re: Follow-up to Other Choices||Date: 5/13/2003 5:33 PM|
|Author: dsemmler||Number: 36300 of 75633|
A SEP or money purchase is funded by EMPLOYER contributions. Hence, no deferrals, no need to ask if anyone wants to participate or not. As long that one person is not the boss. <GRIN>
Ok, now you have confused me. The reason my employer gave for not being able to do the SEP or money purchase was because one employee did not wish to contribute. It was my understanding that the contributions would be coming from the employees, not the employer.
I'll try and do some more research and call some companies such as Vanguard to investigate my options. Seems I have been asking too many questions....
Thanks for your help.
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