403(b) plan

A type of retirement plan that is similar to a 401(k) plan but is specific to employees of tax exempt organizations and other specific individuals. This plan consists of an annuity plan and / or mutual funds that may be invested in for the purpose of generating an income at the employee’s retirement.

Share This Post

Recent Articles

© 2024 Human Resource Management. All rights reserved. Site Admin · Entries RSS · Comments RSS
Powered by HRM Practice · Designed by HRM Practice