In the United States, a 403(b) plan is a U.S. tax-advantaged retirement savings plan available for public education organizations, some non-profit employers (only Internal Revenue Code 501(c)(3) organizations), cooperative hospital service organizations, and self-employed ministers in the United States. It has tax treatment similar to a 401(k) plan, especially after the Economic Growth and Tax Relief Reconciliation Act of 2001.Employee salary deferrals into a 403(b) plan are made before income tax is paid and allowed to grow tax-deferred until the money is taxed as income when withdrawn from the plan.
403(b) plans are also referred to as a tax-sheltered annuity (TSA) although since 1974 they no longer are restricted to an annuity form and participants can also invest in mutual funds.

View More On
  1. AllDayRay

    Holosun 403B

    So I ordered 2 Red dots from Palmetto State Armory, after forever and a day they finally arrived. I pull the first out of the box and install the battery, and nothing happens. So I check battery installation direction, all good. Try again to turn the sight on, still nothing. So I grab the...
Back Top