RETIREMENT SOLUTIONS
403(b) Retirement Plans
Tailored retirement solutions for non-profits and educators.
Public educational institutions and 501(c)(3) tax-exempt organizations can establish a 403(b) plan, designed to help employees of non-profits and certain government entities save for retirement. Examples include employees of public-school systems, state colleges or universities, religious institutions, and qualifying charity workers.
403(b) plans allow employees to make pre-tax contributions from their salary and reduce their overall taxable income. Like other tax-advantaged retirement plans, 403(b) accounts let investments grow over time, either tax-deferred or tax-free. As a sponsor and employer, you may choose to match all or a portion of your employee’s contributions.
Some 403(b) plans also allow certain long-tenured employees with 15 or more years at the same company to make additional contributions to catch up on retirement savings. With Daybright, you have more options. Simply.
Our 403(b) plan features include:
- Plan evaluation and design
- Onsite IRS audit representation and information document request (IDR) preparation
- Regulatory technical assistance
- Investment provider evaluation and relationship management
- Assistance in structuring employment agreements and collective bargaining agreements that allow for payment of benefits to a retirement plan
- Creative funding structures including using unused vacation and sick time (Special Pay Plans)
Our 403(b) plan features include:
We’ll save you time and effort in choosing and offering your plan and, ensure it continues to operate as cost efficiently as possible.