MLchartDataset catalogue

SEP

Term · Law · MLC-T-LAW-004480

An abbreviation for Simplified Employee Pension, a retirement plan primarily for self-employed individuals and small business owners. It allows employers to contribute directly to individual retirement accounts (IRAs) set up for each eligible employee. Contributions are tax-deductible for the employer and grow tax-deferred for the employee until retirement.

Table 1. Record
IdentifierMLC-T-LAW-004480
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004480",
  "term": "SEP",
  "field": "Law",
  "definition": "An abbreviation for Simplified Employee Pension, a retirement plan primarily for self-employed individuals and small business owners. It allows employers to contribute directly to individual retirement accounts (IRAs) set up for each eligible employee. Contributions are tax-deductible for the employer and grow tax-deferred for the employee until retirement.",
  "url": "https://mlchart.com/terminology/law/sep/"
}

Record 4,553 of 5,441 in Law terminology (MLC-0107). Request the full dataset.