401(k) and 403(b) are both employer-sponsored retirement plans, and the different names come from IRS section codes. They work in a similar way, but the main difference is that 401(k)s are set by companies, while 403(b)s are by non-profit organizations such as schools, religious organizations, and hospitals. In both plans, individual accounts are set and the participants are responsible for … Continue reading 401(k) & 403(b)