403(b) Plan

Updated:

11/12/24

A 403(b) plan is much like the more commonplace 401(k) retirement account, but for particular types of staff. It serves employees of public schools, non-profit organizations, and specific tax-exempt entities, allowing them to contribute pre-tax income to a retirement fund. The 403(b) plan often provides tax advantages and may offer employer-matching contributions, giving employees a structured way to build retirement savings.

A 403(b) plan is much like the more commonplace 401(k) retirement account, but for particular types of staff. It serves employees of public schools, non-profit organizations, and specific tax-exempt entities, allowing them to contribute pre-tax income to a retirement fund. The 403(b) plan often provides tax advantages and may offer employer-matching contributions, giving employees a structured way to build retirement savings.

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