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mbrown Guest 0.10 Dollars($)	Posted: Wed Jul 20, 2005 10:21 am    Post subject: 401k what is the difference bet 401k and 403k
Sam Site Admin Joined: 21 May 2005 Posts: 214 Location: CALIFORNIA 99.70 Dollars($)	Posted: Wed Jul 20, 2005 9:42 pm    Post subject: Re:Difference between 401k and 403b Hi mbrown Welcome to MortgageFit forum. The 401(k) Plan is a retirement plan available to employees of profit and tax-exempt organizations. But a 403(b) Plan is generally offered to employees of educational institutions and non-profit organizations. Another difference lies in their investment options. A 401(k) participant can invest in purchasing individual stocks, mutual funds etc. On the other hand, the 403(b) Plan allows for investments in annuity contracts or mutual funds and money-market funds. Moreover a 403(b) plan allows an employee to go for the Lifetime Catch-Up Contribution which is not available in the 401(k) Plan. Hope this information will fulfill your needs. For further reference visit our section on 401k-403b 401k 403b Also sign up with us to get free advice on further queries. Regards, Sam

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