401(k) vs. 403(b) — Understanding the Key Differences

Which type of retirement plan is right for your organization — a 401(k) or a 403(b)?

There are many similarities, and important key differences between a 401(k) Retirement Plan and a 403(b) Retirement Plan offering. Employers and members of fiduciary retirement plan committees need to understand these differences. In this 10-minute video, our advisor, Gina Buchholz, explains a few important considerations for retirement plan sponsors as they seek to better understand their options as it pertains to their tax-exempt, private, or public sector retirement plans.

Our team at 401k Plan Professionals works with over 120 retirement plan clients, and we provide services to both 401(k) and 403(b) plans. While our fiduciary process for these clients is nearly identical, there are distinct rules when it comes to what types of organizations can offer these plans.

A Chart for Comparing and Contrasting 401(k) and 403(b) Plans

Do you want to learn more about your options as a retirement plan sponsor? Please call, email, or use this contact form below to get in touch with us any time.

Please complete and submit the form below, and one of our advisors will get back to you by the following business day. You may also call or reach out to us directly, using the contact us button above.