simplified employee pension

simplified employee pension
sim·pli·fied employee pension n: a pension that is funded by employer contributions or through a salary reduction arrangement and that places fewer administrative burdens on the employer than do other plans and allows employer deduction of contributions and employee withdrawal at any time – called also SEP;

Merriam-Webster’s Dictionary of Law. . 1996.

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  • simplified employee pension plan — A pension plan allowing self employed business owners to make contributions toward their own retirement plans and to their employees retirement plans. Contributions are made directly to an individual retirement account set up for each employee (a …   Law dictionary

  • Simplified Employee Pension Individual Retirement Account — n. An individual retirement account in which an individual may contribute a set percentage of pre tax income. abbrv. SEP IRA The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Simplified Employee Pension - SEP (Simplified Employee Pension IRA) — A retirement plan that an employer or self employed individuals can establish. The employer is allowed a tax deduction for contributions made to the SEP plan and makes contributions to each eligible employee s SEP IRA on a discretionary basis.… …   Investment dictionary

  • Simplified Employee Pension plan — SEP plan A pension plan in which both the employee and the employer contribute to an individual retirement account. Also available to the self employed. Bloomberg Financial Dictionary …   Financial and business terms

  • simplified employee pension (sep) plan —  Retirement plan where both the employee and employer can contribute …   American business jargon

  • SIMPLIFIED EMPLOYEE PENSION PLAN — (SEP) упрощенный пенсионный план пенсионная программа, предусматривающая инвестиции с отложенными налоговыми платежами для самозанятых людей …   Глоссарий финансовых и биржевых терминов

  • Simplified Employee Pension Plan — (SEP) An individual retirement account or individual retirement annuity which an employer establishes for his or her employees. See I.R.C. No. 408(k). See also individual Retirement Account (I.R.A.) …   Black's law dictionary

  • Salary Reduction Simplified Employee Pension Plan — ( SARSEP) A low cost, no frills version of a 401( k) employee savings plan available to companies with 25 or fewer employees. It allows employees to make pretax contributions to their IRAs through salary reduction each year. The Small Business… …   Financial and business terms

  • Salary Reduction Simplified Employee Pension Plan - SARSEP — A plan offered by small companies typically those with fewer than 25 employees that allows employees to make pretax contributions to their Individual Retirement Accounts (IRAs) through salary reduction. Prior to the widespread use of 401(k)s,… …   Investment dictionary

  • Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 …   Wikipedia

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