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SEP

[ sep ]
/ sɛp /
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noun
Simplified Employee Pension: a tax-deferred pension plan for companies with 25 or fewer employees or for self-employed persons, in which an IRA is funded by employer and employee contributions.
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Also called SEP-IRA.

Other definitions for SEP (2 of 2)

sep.

abbreviation
separate.
separated.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use SEP in a sentence

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