As an employer where do I make a SEP contribution to my employees?
You can login to your Employer Portal Dashboard and click on the ‘PLAN’ link on the upper right. On this page you can enable the SEP IRA for your employees, fill out the form 5305-SEP in order to set eligibility, adopt the SEP plan, identify eligible employees, choose a contribution percentage, link a funding source, and fund the contribution.
Honest Dollar will handle the delivery of this contribution to the SEP IRAs of Honest Dollar on-boarded users who are signed up. If there are additional employees that are not yet signed up 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.