403(B) / 401(a)

  • Contributions and investment earnings grow tax deferred until withdrawn, at which time they are taxes as ordinary income
  • All employees of an organization must be eligible to contribute to the plan, with a few exceptions.
  • Employer contributions can be subject to eligibility and allocation conditions.
  • Employee contributions can be made in the form of pre-tax or ROTH contributions, regardless of their income limit.