401(k) FAQs

401(k) FAQs

A 401(k) is a qualified retirement savings plan allowing employees to defer part of their wages pre-tax, reducing current taxable income; contributions and earnings grow tax-deferred until withdrawal.

403(b) FAQs

403(b) FAQs

This page offers a helpful overview of 403(b) retirement plans, a retirement savings option available to public school employees, non‑profit staff, and certain church workers.

457(b) FAQs

457(b) FAQs

This resource from Employee Retirement Services provides a comprehensive breakdown of Section 457(b) plans, a type of retirement savings plan for employees of state and local governments and some nonprofit organizations.

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