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Account types

SARSEP (legacy)gated

I.R.C. § 408(k)(6); closed to new plans after 1996

On this pageOverviewAuthorityParametersExampleEligible assetsRules
Slugsarsep-ira
NatureCustodialHolding — Beneficial owner holds title; the institution holds possession. Off balance sheet.
ContributionsDeductible
EarningsTaxDeferred
Contribution yearPriorYearElectionAllowed
Statusgated
Legacy codeSAR — ISCP import and statement templates only. Not identity, and not accepted by the API.

Required authority

An institution may open this account only if it satisfies every requirement group below. Within a group, any one authority suffices. Across groups, all must be satisfied.

GroupAny one of
Group 1IrsNonbankCustodian or Bank or StateTrustCompany

Resolve availability at runtime with GET https://api.a8core.io/v1/account-types. Never hard-code it.

Create Account parameters

POSThttps://api.a8core.io/v1/accountsoperation: CreateAccount
NameTypeDescription
ProviderReferenceIdstringoptionalYour internal reference. Used as the idempotency key.
ClientIdGuidrequiredThe A8 Core™ Client ID that owns the account.
AccountTypeCodestringrequiredMust be sarsep-ira.
InstitutionIdGuidrequiredThe institution holding the assets. It must hold every authority this type requires.
InvestmentIdlongoptionalLinks the account to a sponsor investment.

Example

POST https://api.a8core.io/v1/accounts
"ProviderReferenceId": "acct-10293",
"ClientId": "8fa2c1e4-5b6d-4f3a-9c2e-7d1a2b3c4d5e",
"AccountTypeCode": "sarsep-ira",
"InstitutionId": "b4c1e770-9d33-4a02-91ef-2c6a8b5d0f14"
200 OK
"RequestId": 1736472901835,
"Status": 1,
"AccountId": "3c7b1f90-2a44-4e21-8d6c-9b0e5a1f7c22"

Errors

ErrorCodeMeaning
InstitutionNotAuthorizedForAccountTypeThe institution does not hold every authority this type requires.
ClientNotFoundNo client matches the supplied ClientId.

Eligible assets

The row below is the account-type dimension only. What this account may actually hold is the intersection of the account-type rule, the asset-class rule, any instrument predicates, and the institution’s authority asset scope.

●Permitted◐Conditional○Not permitted
Account familyStocks & ETFsMutual fundsBonds & fixed incomeCash & money marketReal estatePrivate equity & venturePrivate credit & notesPrecious metalsDigital assetsStablecoins
IRA — not self-directedPermittedPermittedPermittedPermittedNot permittedNot permittedNot permittedNot permittedNot permittedNot permitted

Rules that govern this type

  • Closed to new plans after 1996. Serviced only for arrangements established on or before December 31, 1996.
← simple-ira rollover-ira →

Tax reporting

The federal and state forms and obligations this account type carries, from the coverage registry — stated as designed.

  • 5498
  • 1099-R
  • 945
  • 1042-S / 1042
  • 990-T (+ 990-W estimates)
  • W-9 / W-8BEN / W-8BEN-E
  • TIN Matching
  • Corrections (1099/5498 series)
  • 8809
  • State information returns
  • State withholding returns
  • State unclaimed property

Every form is produced from ledger facts, filed through its transport (IRIS, MeF, EFAST2, EFTPS, IDES, CF/SF, state portals) and delivered with evidence. See tax forms by account type and tax data & reporting.

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