WealthRabbit Support
Need Help? We've got you covered
Get answers to all your questions about the application process and SIMPLE IRA here
What are the eligibility criteria for offering a SEP IRA plan?
To offer a SEP IRA, the employer must meet the following criteria:
Business Type: Any business can offer a SEP IRA, including sole proprietors, partnerships, and corporations.
Eligible Employees: You must include employees who:
-
Are at least 21 years old
-
Worked for you in at least 3 of the last 5 years
-
Earned at least $750 in compensation in 2025
Employer Requirements: There are no special requirements beyond having taxable business income. Business owners can also contribute to their own SEP IRA.
Need more help?
Get in touch with our dedicated support team Contact Us
