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@abctax55 wrote:

Double check, as I'm going on a vague memory.....  I'm not sure the 2 year/3 year as an employee rule applies for the initial year.    The administrator of the plan should know.

Maybe I've just had too much spiced eggnog tho 🤔

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https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps

"Are the eligibility requirements the same for all employees in a SEP plan, including owners?

Yes. The eligibility provisions stated in the SEP plan document must apply equally to owners and employees."

If the business was just started this year and the owner picks a 2-year experience requirement then the owner is likely ineligible.