By: David Pipes

David Pipes — Thu, 12 Jun 2014 19:57:13 +0000

This is a program created in the internal revenue code that is available to public education organizations, and some non-profit employers. It is treated similarly to a 401(k) plan for taxes. For many years they were known as “tax-sheltered annuities” although some other investments are now approved. These plans can be written by the sponsor to include the benefits of a “Roth” plan.

By: David Racich

David Racich — Thu, 27 Jun 2013 15:44:33 +0000

Religious, charitable, educational, scientific and literacy organizations under IRC Sec. 501(c)(3) and certain government employers and public school systems may elect to establish 403(b) salary deferral plan. Employer obligations require a written plan, ongoing admin responsibility and fiduciary oversight. In 2013, the maximum contribute for employer and employee is $51,000 and an additional $5,500 for those over age 50 under the catch up provision.

New answer on: What Is A 403 B Retirement Savings Plan?

By: David Pipes

By: David Racich