Federal housing law
0821 Publ 4285 (PDF)
Federal housing law as enacted — verbatim and citable.
- Edition
- 2026-10-03
- Last updated
- 2026-10-04
- Jurisdiction
- United States
Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/p4285.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).
SEP CHECKLIST¶
Every year it’s important that you review the requirements for operating your Simplified Employee Pension (SEP) plan. Use this checklist to help you keep your plan in compliance with many of the important rules. Check the box if you can answer “yes” to the question. For additional information (including examples) on how to find, fix and avoid each mistake, click on “More .”
Has your SEP been amended for current law? Laws related to retirement plans change quite frequently. You’ll need to change plan language and operation to keep the plan within the law. More
Are all eligible employees participating in the SEP? Any employee who is at least 21 years of age, was employed by you for 3 of the immediately preceding 5 years, and received compensation from you of at least $650 during the year is eligible to participate in the SEP. More
Are contributions to each participant’s SEP-IRA a uniform percentage of the participant’s compensation? Employer contributions to a SEP must be the same percentage of compensation for each participant maintaining a SEP-IRA in the plan. More
If you didn’t check all boxes, you may have a mistake in the operation of your plan. This list is only a guide to a more compliant plan, so checking all boxes may not mean your plan is 100% compliant. This list doesn’t contain all plan requirements and shouldn’t be used as a substitute for a complete plan review. Learn how to correct mistakes without penalty and without notifying the IRS at www.irs.gov/fixmyplan. Don’t send this checklist to the IRS.
Contact your tax advisor www.irs.gov/retirement Call the IRS at 877-829-5500
Publication 4285 (Rev. 8-2021) Catalog Number 37997E Department of the Treasury Internal Revenue Service www.irs.gov