EBP2409. 403(b) Plans

A 403(b) Plan is a tax-advantaged retirement plan designed for non-profit organizations and certain government entities. The 403(b) Plan is similar to a 401(k) Plan, although it offers several enhanced benefits, such as catch-up contributions for tenured employees. This session will discuss the basics of 403(b) Plans, their benefits and the differences between 403(b) and 401(k) plans. It will also discuss prototype documents. Describe the differences between ERISA and non-ERISA 403(b).

Learning Objectives:

• Recognize the types of organizations that can have a 403(b).
• Distinguish the requirements for 403(b) and the difference from 401(k)
• Assess prototype documents