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A 403(b) retirement plan is an employer-sponsored plan for employees of public schools and certain 501(c)(3) tax-exempt organizations. ... 403(b) Accounts Explained: What They Are and How They ...
In the United States, a 403(b) plan is a U.S. tax-advantaged retirement savings plan available for public education organizations, some non-profit employers (only Internal Revenue Code 501(c)(3) organizations), cooperative hospital service organizations, and self-employed ministers in the United States. [1]
It’s like a 401(k), except for a different type of employee.
The lack of a match may make the 403(b) much less attractive as a retirement account. A 401(k) plan may also offer more investment choices, particularly with regard to potentially high-return ...
Named after the section of the IRS code that governs it, the 403(b) plan allows eligible employees to make contributions to a tax-advantaged retirement account. Like a 401(k) plan, a 403(b) plan ...
A 403(b) retirement plan is the type of retirement plan offered by schools, nonprofits and other tax-exempt organizations. These plans function similarly to 401(k) plans and allow employees to ...
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