SEP

¹ American  

[sep] / sɛp /

noun

1. 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.

---

sep. ² American  

abbreviation

1. separate.

2. separated.

---

Example Sentences

I have a SEP IRA with $60,000 in it.

From MarketWatch • Apr. 4, 2026

This Summary of Economic Projections, or SEP, has become an important policy output of the Fed.

From The Wall Street Journal • Mar. 26, 2026

The Fed’s Summary of Economic Projections also found a median guess of a single quarter-point reduction by year-end, the same as the previous SEP released in December.

From Barron's • Mar. 20, 2026

I went with a SEP IRA, since you can contribute a higher amount than you can with a Roth.

From Seattle Times • Jan. 16, 2024

He sighed heavily and perused the letter, which read as follows: Chicago, Ill., SEP.

From Potash & Perlmutter Their Copartnership Ventures and Adventures by Glass, Montague