Advantages of a 403(b) Plan
Your Advantages
You benefit because a 403(b) plan:
- Is mostly funded from dollars paid as salary.
- Helps recruit and keep quality employees.
- Helps members build retirement security.
Employee Advantages
Plan members benefit because a 403(b) plan allows them to:
- Save through easy payroll deduction.
- Choose the amount they want to save.
- Change the amount saved to meet current needs.
- Reduce their taxable income.
- Feel secure they own 100% of their own contributions.
- Defer taxes on the amount saved and its earnings until the plan pays benefits.
