simplified employee pension

noun

sim·​pli·​fied employee pension
: 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

Dictionary Entries Near simplified employee pension

simpliciter

simplified employee pension

simulate

Cite this Entry

“Simplified employee pension.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/simplified%20employee%20pension. Accessed 18 Jun. 2024.

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