Section 403(b) of the internal revenue code allows tax deferral on contributions for and by employees of certain non-profit organizations. 403(b) plans also allow for matching contributions by employers.

Your Advantages: 403(b) Plans

  • Are mostly funded by employee contributions.
  • Help attract and retain quality employees.
  • Allow flexible plan design.

Employee Advantages: 403(b) Plans allow employees to

  • Contribute consistently through easy payroll deductions.
  • Choose the amount they want to contribute and, in most cases, how it's invested.
  • Take their retirement account balances with them (portable).
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