Q: Can an employer offer both a SIMPLE IRA plan and a SEP IRA to his/her employees?
A: An employer that has a SIMPLE IRA plan cannot maintain another qualified plan, such as a SEP IRA, in which any employees receive contributions. An employee, however, who works for two different employers in the same year could be covered by a SEP IRA from one employer and a SIMPLE IRA plan from the other employer.
