When is the deadline for making SEP contributions for a year and are SEP contributions made monthly or in one lump sum?

SEP contributions are currently a one -time lump sum payment after the end of the calendar year once all eligibility has been determined and all employee final year compensation has been calculated.

Honest Dollar will handle the delivery of this contribution to the SEP IRAs of Honest Dollar on-boarded users. If additional employees exist that are not on-boarded within Honest Dollar or eligible ex-employees, your accounting department must work with these individuals to deliver their applicable retirement dollars to their SEP IRAs.