What are company contributions for a Simplified Employee Pension Individual Retirement Arrangement (SEP IRA)?

Company contributions are made to eligible employees whether or not they themselves contribute to the plan. If you choose to have all active employees eligible, then all active employees will receive the contribution type whether or not they participate in the plan. If someone is not eligible and you have chosen the above option, you may go into their individual set up in payroll and code them ineligible. The same is true for the reverse. If you choose to have all active employees ineligible, then you will have to manually select the individuals that are eligible and change their set up through the employee edit section.