401(k) vs. 403(b)

403(b) or 401(k)? Which plan makes the most sense for your organization?

One of the most important decisions you can make as a Plan Sponsor is regarding the type of plan you implement and provide to your employees. Consider that:

  • Some plan types are more restrictive to you as plan sponsor
  • Some are more expensive to administer but provide no more benefit
  • Some provide better benefits to certain people

In the 501(c)(3) marketplace, the 403(b) is usually the better solution for Plan Sponsors and Plan Participants, especially those with ministerial status. For a comparison between 401(k) and 403(b) plans, download the Retirement Plan Comparison. Download PDF 384 KB

For more information on how Envoy Financial can serve your organization, contact us at (888) 879-1376, ext. 209 or .