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Asked 11/11/2008
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What is a 401C plan and how do they differ from 401K and 403B plans? What is a 401C plan and how do they differ from 401K and 403B plans? |
Answer 1/2 - Submitted 11/12/2008
A 401K is an employer provided retirement plan where pre-tax dollars are contributed to the account by the employee and a certain percentage may be matched by the employer.
A 403(b) tax-sheltered annuity (TSA) plan is a retirement savings plan, which is available for public education organizations, certain tax-exempt organizations, and certain self-employed ministers in the US.
I have not heard of a 401C.
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