1. Which employers can offer a 403(b) plan?
- Public education organizations such as public elementary and high schools, state colleges and universities, and boards of education.
- 501(c)(3) nonprofit organizations such as private schools, research facilities, private hospitals, charities, social welfare agencies, healthcare organizations, and religious institutions.
- Grandfathered Indian tribal governments.
- Certain religious ministers of a church or related religious organizations.
2. Which employers can offer a 401(k) plan?
Almost any type of company may offer a 401(k) plan. Most private, for-profit companies are eligible. Many tax-exempt, non-profit organizations have a choice between sponsoring a 401(k), a 403(b), or both.
