SEP plan-eligible employee

Employees must be included in a SEP plan if they have: attained age 21, worked for your business in at least 3 of the last 5 years, received at least $600 in compensation (in 2016 – 2020) from your business for the year. Your plan may use less restrictive requirements, for example age 18 or three months of service, to determine which employees are eligible—Read more at IRS.gov. “SEP Plan FAQs – Participation Requirements” 12 November 2019