Business Dictionary
Salary Reduction Simplified Employee Pension Plan (SARSEP)
A low-
cost, no-frills version of a 401(k) employee savings plan available to
companies with 25 or fewer employees. It allows employees to make pretax contributions to their
IRAs through
salary reduction each year. The Small Business Job Protection Act of 1996 replaced SARSEPs with
SIMPLE (Savings Incentive Match Plan for Employees) plans. Existing SARSEPs were allowed
to add new participants, but new plans could not be formed after December 31, 1996.
Related Articles• The Cost of Customer Loyalty
Entrepreneur.com - Caffeine is the fuel of choice for most entrepreneurs and business owners. I can boil water but don?t even make toast well, so I prefer to go out for coffee and tea to keep my ...
• When Public Speaking is Enemy #1
Entrepreneur.com - It's happening again. Your pulse is racing, your palms are sweating, and your voice is choking up. No, you're not being robbed at gunpoint; you're about to address a ...
• John Wooden's Pyramid Still Standing
Entrepreneur.com - At the age of 96, living in Encino, California and making 20 to 30 speeches a year, former UCLA coach John Wooden still keeps in touch with more players than he could name in one ...
• Taking Your Invention to a Trade Show
Entrepreneur.com - Trade shows offer inventors and entrepreneurs the opportunity to reach a large number of potential buyers and retailers. They also provide a marketing-sales double whammy: ...
• The Hidden Costs of Shipping Products
Entrepreneur.com - Remember the early days of eBay selling, when saving money was of prime importance? People were dumpster diving for memorabilia to sell--still not a bad idea--picking up packing ...