What does Salary Reduction SEP mean? Read on to discover the definition & meaning of the term Salary Reduction SEP - to help you better understand the language used in insurance policies.
Salary Reduction SEP
A qualified retirement plan limited to companies with 25 or fewer employees. It allows employees to defer part of their pretax income to the plan, lowering their taxable income.
We hope the you have a better understanding of the meaning of Salary Reduction SEP.