Hi @jorgestambuk1
The maximum percentage is 25% of the employees compensation.
Contributions an employer can make to an employee's SEP-IRA cannot exceed the lesser of:
- 25% of the employee's compensation, or
- $57,000 for 2020 and $58,000 for 2021 ($56,000 for 2019)
Note: Elective salary deferrals and catch-up contributions are not permitted in SEP plans.
If you’ve contributed more than the annual limits to an employee’s SEP-IRA, find out how to correct this mistake.
Here is an IRS article related to this.
https://www.irs.gov/retirement-plans/plan-participant-employee/sep-contribution-limits-including-gra...
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