Broker Check

403b Plans

403b plans are most suitable for:

403b plans are most suitable for:

  • 501(c)(3)s
  • Non Profits
  • Academic Institutions

Bridge Benefits Group provides access to custom designed 403b plans that fit your non-profit, public school or 501(c)(3) organization. Our deep knowledge as it concerns nonprofits allows us to find the most appropriate benefits for you at the base rate.  As investment co-fiduciaries on all our plans, you can be assured we are always striving to act in your best interest to help ensure you are compliant with Department of Labor guidelines.

About 403b Plans

The 403b plan is an employer-sponsored supplemental retirement savings plan that, similar to a 401k plan, allows employees to contribute on a pre-tax or (if permitted by the 403b plan) Roth after-tax basis. A 403b plan can only be sponsored by a public school or a 501(c)(3) tax-exempt organization.  If your employer sponsors a 403b plan, you’ll get valuable benefits for retirement savings.

According to the IRS, 403b plans offer great tax advantages for participants. The earnings are not taxed until they are distributed from the plan. Participants of 403b plans are typically employees of organizations such as:

  • 501(c)(3) non-profit organizations
  • Public Schools
  • State Colleges
  • Universities
  • Eligible employees of religious institutions

There are many similarities between a 401k and a 403b plan that may confuse those looking for an appropriate retirement plan. Our advisors can help you understand the differences between each and why one may be offered in place of the other. Fill out the form below for a comprehensive plan review with one of our advisors!

*This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

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