What Is a 403(b)?
A 403(b) is an employer-sponsored retirement plan commonly offered by public schools, universities, hospitals, and qualifying nonprofits.
Who uses a 403(b)?
Employees of eligible tax-exempt organizations and public education institutions may have access to a 403(b). The plan's investment menu, fees, match, and withdrawal options are set by the employer and provider.
How it compares with a 401(k)
Both plans can support pre-tax or Roth contributions and employer matching, but plan menus and special rules can differ. The 2026 elective deferral limit is $24,500, subject to IRS rules and plan terms.
Frequently asked questions
Is a 403(b) the same as a 401(k)?
They are similar employer retirement plans but are governed by different sections of tax law and may have different plan features.
Can a 403(b) have a Roth option?
Some 403(b) plans offer Roth contributions. Check your plan document.
Sources
Gleefund explains general retirement-account concepts and provides estimates. It does not provide financial, tax, or legal advice. See our disclaimer and methodology. Check the current IRS rules before acting.
Figures current as of 2026-09-25. Found an error? Contact us.