What is the difference between 403B plans and 401k?
Posted July 7th, 2009 by admin 4 Comments »
Peggy Pirate asked:
People at work have been complaining that the companys retirement plan sucks. We have 403b matching up to 3% and they put another 3percent without us having to do anything. Most people don’t do it. All they have to do is open the accound and they get 3 percent free but they don’t.
Now they are asking the company for 401k plans and the company refused saying we already have a really good plan and you can do it on your own if you want.
People at work have been complaining that the companys retirement plan sucks. We have 403b matching up to 3% and they put another 3percent without us having to do anything. Most people don’t do it. All they have to do is open the accound and they get 3 percent free but they don’t.
Now they are asking the company for 401k plans and the company refused saying we already have a really good plan and you can do it on your own if you want.
So why do they think 401K plans are so great? I’m thinking it is just them being stupid.
