In general, 401(k) plans and 403(b) plans are very similar—both are defined-contribution retirement plans offered by employers to employees. The primary difference between the two is the type of emplo...
Tag: 403b
457 Plan vs. 403(b) Plan: What’s the Difference?
457 Plan vs. 403(b) Plan: An Overview The public sector may be the last bastion of the defined-benefit plan—the old-fashioned pension funded by an employer and automatically paid to employees after re...
Understanding 403(b) Retirement Plans For Churches, Non-Profits And Schools
Churches, non-profits and schools can offer 403(b) plans for retirement. These are similar to 401(k) … [+] plans but 403(b) plans have some important differences. AFP via Getty Images If you’re ...
The Differences Between 401(k) and 403(b) Plans
Named after sections 401(k) and 403(b) of the tax code, respectively, both 401(k) plans and 403(b) plans are qualified tax-advantaged defined-contribution (DC) retirement vehicles offered by employers...