403(b) plan

403(b) plan definition - finance
An individual retirement account that allows employees of qualifying non-profit organizations to save for retirement on a tax-deferred basis. These plans work the same way as 401(k) plans. See also 401(k) plan.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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