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Offered by different employers: A 403(b) plan is generally offered by public schools, churches and non-profit organizations, whereas a 401(k) plan is typically provided by for-profit companies.
Private and semipublic companies with the most employees in the United States Rank Plan Total Assets (millions) DB Assets (millions) Funded Status FYE 2016 Assumed Rate of Return FYE 2016 1 CalPERS: $336,684 $335,083 73.1% 7.5% 2 CalSTRS: $216,193 $215,318 68.5% 7.6% 3 New York State Common Retirement: $201,263 $201,263 93.7% 7.0% 4
It’s like a 401(k), except for a different type of employee. A 403(b) is the retirement planning vehicle used by not-for-profit or other tax-exempt employers of nurses, doctors, teachers ...
The Public School Employees’ Retirement System (PSERS) is a pension fund for public school employees in the Commonwealth of Pennsylvania.Eligible members include all full-time public school employees, part-time hourly public school employees who render at least 500 hours of service in the school year, and part-time per diem public school employees who render at least 80 days of service in ...
In the United States, a 403(b) plan is a U.S. tax-advantaged retirement savings plan available for public education organizations, some non-profit employers (only Internal Revenue Code 501(c)(3) organizations), cooperative hospital service organizations, and self-employed ministers in the United States. [1]
403(b) plan limits. 2023. 2024. Change. Maximum salary deferral for workers. $22,500. $23,000 +$500. Catch-up contributions for workers 50 and older. $7,500. $7,500
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