http://www.paidtwice.com/2009/02/04/ask-the-m-network-investing-newbie/#comment-79949 Melissa D Wed, 04 Feb 2009 17:23:04 +0000 http://www.paidtwice.com/2009/02/04/ask-the-m-network-investing-newbie/#comment-79949 I just want to point out the reader said he/she already had a 403b. My employer offers a 403b as well. I understand that a 403b is equivalent to a 401k - the difference being that 403b are only offered by non-profit institutions, such as charitable organizations, universities, hospitals, etc. 403b plans work the same way as a 401k except that an employer cannot contribute to the the employee's account through matches or dividends because of its non-profit status. I just want to point out the reader said he/she already had a 403b. My employer offers a 403b as well. I understand that a 403b is equivalent to a 401k - the difference being that 403b are only offered by non-profit institutions, such as charitable organizations, universities, hospitals, etc. 403b plans work the same way as a 401k except that an employer cannot contribute to the the employee’s account through matches or dividends because of its non-profit status.

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