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SARSEP

   Also found in: Acronyms 0.04 sec.
See Salary Reduction Simplified Employee Pension Plan.
Salary Reduction Simplified Employee Pension Plan
A former 401(k) for small businesses, defined as those with fewer than 25 employees. This plan minimized costs for the employer, and employees could make contributions through paycheck deductions. It was replaced by the SIMPLE plan in 1996.


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