Has anyone heard of a TARSEP, with a "T"?

What is this creature, or am I just looking at something with a typo?

I'm not sure if there's such a thing as a TARSEP. However, a long departed friend of mine used to promote this as a concept to sell non-qualifed annuities.

He suggested that the owner of a small business pay himself/herself a bonus, which was then put into a deferred annuity. It cost the business owner only the tax on the bonus, but the entire bonus was the basis in the annuity for future distribution. He used it as a way to circumvent the requirement to make contributions to all eligible employees when that was of concern to the business owner. By the way, he said that TARSEP stood for Taxable And Reportable SEP.

This probably doesn't help you too much, but I appreciate you causing me to remember my old friend.