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401(k) and 403(b) - How are they different?

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Can anybody tell me how 401(k) is different from 403(b) plan?:? I am just confused. Any information on this matter is appreciated.

The individuals working in a for-profit enterprise can qualify for 401(k) whereas the individuals working for non-profit organizations can be eligible for 403(b) plans.

Sub: #1 posted on Mon, 03/21/2011 - 02:23


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