SEP IRA PLAN SIZE: Sole proprietors or small business owners with variable earnings looking for a retirement plan with minimal administration. ELIGIBILITY: Must include employees who are at least 21 years of age; have earned at least $450.00 (may have variance, check with your financial advisor); worked 3 out of the preceding 5 years for the employer. Employer may set less restrictive eligibility standards. May exclude certain Union members and/or nonresident aliens. FUNDING: Employer contributions required. Employer’s contribution is discretionary. VESTING: Participants are immediately 100% vested in employer contributions. Return to Investment page