
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).
The Company