Simplified Employee Pension (SEP)

Definition of "Simplified Employee Pension (SEP)"
  1. A retirement plan in which an employer contributes towards an individual retirement account, known as a SEP-IRA, on behalf of its employees
How to use "Simplified Employee Pension (SEP)" in a sentence
  1. The company offers a Simplified Employee Pension (SEP) to incentivize long-term employment.
  2. With the Simplified Employee Pension (SEP), workers do not need to manage complex retirement plans.
  3. Jane's employer contributed towards her SEP-IRA as part of the Simplified Employee Pension (SEP) plan.
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