No. of Recommendations: 0
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.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.