re: SEP IRA

Started with 2 employees 30 years ago. We have had a SEP the whole time. We now have 60+ employees. Make them wait 2 years before getting 1st contribution. We contribute 8% most years, sometimes 10%. Nobody ever leaves our company. Max income is $330,000 in 2023. Goes up a little every year. We have several folks who make more than $330,000/year. You have to contribute the same percentage of income for everybody. It’s a fair and great plan IMO. Employees see you are in it with them.