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| Definitions by InvestorWords.com |
| What is...? |
| Salary Reduction Simplified Employee Pension Plan (SARSEP) 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. see also pension plan. |
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