ELIGIBILITY SEP

If you are an employer, you must generally cover all employees who have:

. Worked for you during the year for which you are making a contribution.
. Worked for you during at least three out of the last five years.
. Reached age 21.
. Earned at least $450 for 2006 (this amount is adjusted for inflation) in compensation from you during the year.

Note that employers have the option to make eligibility less restrictive to include more of their employees in the plan.

Important Deadlines

Contributions must generally be made by the employer's tax filing deadline, including valid extensions, in order for the employer to deduct contributions for that tax year.