Advantages of a 403(b) Plan
Your Advantages
You benefit because a 403(b) plan:
- Is funded from dollars paid as salary - there are no employer contributions
- Helps recruit and keep quality employees
- Helps participants build retirement security
Employee Advantages
Plan participants 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
