• 403(b)s are retirement savings plans that serve employees of public schools and tax-exempt organizations.

  • Contributions to 403(b) plans come from payroll deductions.
  • The IRS limits the amount employees can contribute to their 403(b) plans.
  • The benefits of Form 403(b) include faster receipt of funds and the ability to make additional catch-up contributions.
  • Investment options may be more limited with 403(b) and some accounts offer less protection from creditors than 401(k).