403(b) Participant Services 


What is a 403(b)?

A 403(b) is a type of employer sponsored, tax-sheltered retirement plan that is used by public schools and tax-exempt organizations. These types of accounts have several unique characteristics, including:

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Funds within a 403(b) can only be invested in mutual funds or insurance annuity contracts. 403(b) plans are sometimes referred to as β€œtax-sheltered annuities.”


There are limits to how much you can contribute annually, which are more generous for those over 50 years.


The participant makes regular pre-tax contributions through a Salary Reduction Agreement with the employer.


The money is invested and it grows tax-deferred while the participant prepares for retirement. The participant only pays taxes on earnings and gains when the funds are withdrawn.

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