The 401(k) and 403(b) are the most common employer-sponsored retirement plans, helping millions save toward their retirement.
Both plans feature:
- Automatic payroll deductions to make saving effortless
- Reduced tax liability, since certain contributions lower your taxable income
- Matched contributions from some employers, up to a certain percent (check with your benefits administrator)
- Long-term savings growth opportunity across a variety of investment options
Does your employer offer a 401(k) or 403(b) plan through The Principal? Enroll online today