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HTH, JBW - thanks for the helpful info.
You said:
I am pretty sure that a SEP can be used by a Non-profit since my previous non-profit employer was looking into setting one up. BUT, contributions to a SEP are made by the employer, ONLY. There is no employee element. Thus you would not be able to add money to it, only hope your employer is willing to contribute. A SEP is escentially a profit-sharing plan, which is not usually compatible with a Non-profit's finances.

I was anticipating essentially reducing my salary by the equivalent of what the employer would then contribute. Not sure if this arrangement would pass the test?

3) Next you need to determine which type of plan you want to run:
>> snip >>

I've read some negative things about KEOGHs - the paperwork is fairly complicated, and if you overshoot your investment goals; ie; your return is greater than you projected, you can end up paying nasty penalties. To me this made SEP appear much more attractive, even though the max contribution is a little lower. Any opinion about this problem?


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