Published in PLANSPONSOR
403(b) retirement plans are primarily used by non-profit organizations such as educational institutions, hospitals/health care providers, charities and religious organizations. They are in many ways similar to 401(k) plans—but they also have many unique challenges. 457 retirement plans are also for nonprofits, and are used in the government sector as a supplemental retirement savings plan. The 2015 403(b)/457 Buyer’s Guide shows the providers who service these two markets, what they focus on in terms of market segment, and the services they provide to plan sponsors.