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Reload this Page 457/403b (years, teach, 401k, employees)
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Old 02-05-2008, 02:47 PM
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Default 457/403b
What is the difference between the two plans? Which one is more common? Which one is generally used more by employees?
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Old 02-05-2008, 04:31 PM
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457 government

403b teachers/nonprofit

401k for-profit

If you really need more, wikipedia gives a comprehesive overview. I think it would be unusual for an employee to be in a working situation in which they are able to control/select what is available to them

Hope that helps
Last edited by casualobserver; 02-05-2008 at 04:58 PM..
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Old 02-08-2008, 03:57 AM
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The major advantage of the 457 is that you can withdraw funds from the account at age 50 without penalty ... nine years earlier than a 401K.
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