|
gptkbp:instanceOf
|
Individual Retirement Account
|
|
gptkbp:catchUpContributionsAllowed
|
no
|
|
gptkbp:contribution
|
employer contributions only
|
|
gptkbp:contributionDeadline
|
tax filing deadline including extensions
|
|
gptkbp:contributionLimit2023
|
$66,000
|
|
gptkbp:contributionLimit2024
|
$69,000
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:created
|
gptkb:Employee_Retirement_Income_Security_Act_of_1974
|
|
gptkbp:createdBy
|
employer
|
|
gptkbp:eligibleEmployees
|
age 21 or older
received at least $750 in compensation (2023)
worked for employer in at least 3 of last 5 years
|
|
gptkbp:employerContributionPercentage
|
must be same for all eligible employees
|
|
gptkbp:establishedBy
|
gptkb:IRS_Form_5305-SEP
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
SEP IRA
|
|
gptkbp:investedIn
|
bonds
mutual funds
stocks
ETFs
|
|
gptkbp:regulates
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:requiredMinimumDistributionsBegin
|
age 73
|
|
gptkbp:rolloverAllowed
|
yes
|
|
gptkbp:standsFor
|
gptkb:Simplified_Employee_Pension_Individual_Retirement_Arrangement
|
|
gptkbp:subjectTo401kRules
|
no
|
|
gptkbp:subjectToERISARules
|
no
|
|
gptkbp:subjectToIRAContributionLimits
|
no
|
|
gptkbp:taxStatus
|
tax-deferred
|
|
gptkbp:usedBy
|
small business owners
self-employed individuals
|
|
gptkbp:withdrawalPenaltyBefore59.5
|
10%
|
|
gptkbp:bfsParent
|
gptkb:SoFi_Invest
gptkb:M1_Finance
|
|
gptkbp:bfsLayer
|
6
|