SARSEP

Definition

Salary Reduction Simplified Employee Pension Plan. A simpler alternative to a 401(k) plan available only to companies with 25 or fewer employees, which gives employees the opportunity to make contributions to their SEP accounts with pre-tax dollars and reduce their current year's net income. also called 408(k) plan.

Use SARSEP in a sentence

I preferred the sarsep plan because I thought would be a better choice for me that would have a positive effect in the future.

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I am giving lots of though about my future savings plan and a friend at work braight up the option of signing up for a SARSEP plan

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Our small business division has been pushing SARSEP's all month long, they believe it is a better alternative to 401(k) plans for smaller businesses.

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