When should an employer notify employees that it is not funding a SEP IRA?
This annual reporting must be provided to the employee no later than the January 31 following the calendar year for which the report relates. Depending on how your plan was established, there may not be a requirement to fund it every year if the company cant afford to (and provided that the employer does not play "favorites" with who gets funded and who doesnt).
Best to speak to your human resources coordinator or to an attorney specializing in pensions to get to the bottom of whats going on.
Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.