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What is the difference between a 401k and 403b?

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asked Jul 30, 2012 in 401k plans by anonymous
   

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The main difference is eligibility. A 401(k) is for private sector employees, while a 403(b) is for employees of educational institutions and certain "IRS-approved" non-profit organizations.
answered Aug 7, 2012 by SouthernGirl Inquisitive Expert (10,360 points)

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