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Which of the following is generally true about 401(k) and 403(b) retirement plans?

User Rizo
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A 401k is a retirement savings plan that is hosted/sponsored by the employer.

The 403b plan is also known as a TSA (tax-sheltered annuity) which is a retirement plan for **specific employees** that are from public schools, certain ministers, or they're employees of certain tax-except (excused) organizations.
User Nosov Pavel
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