How to File IRS Form 5305-Sep


The Internal Revenue Service's form 5305-SEP, or simplified employee pension, form helps you write out the individual retirement accounts contribution agreement if you are a business owner and pay money into a worker's 401(k) plan. The form, although issued by the IRS, is not filed with the IRS. In fact, you do not actually need to fill out the form, but it does make record-keeping easier in the long run.

Things You'll Need

  • Computer with Internet access
  • IRS 5305-SEP form
  • Download and print or pick up a copy of the 5305-SEP form.

  • Write the age the employees need to be before receiving payments into their 401(k) and the amount of time they need to work for you before receiving benefit payments.

  • Check off all boxes that apply to who you can pay, if they can be nonresident aliens and if you have a collective bargaining agreement.

  • Sign and date the form under Article II and write your name and business title next to it. File this form away and present a copy of it to all new hires or individuals about to receive payments into their retirement funds.

Tips & Warnings

  • This form is only used as a helpful reminder to you, nothing more and nothing less.

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