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How are 401(k), 403(b), and 457(b) tax-advantaged retirement plans different? How are they alike?
I work for a non profit and as such my retirement plan is a 403(b) rather than a 401(k) plan. I know these refer to different parts of the same law, but I don't know if there are any substantive differences in the plans. Does anyone know if there are big differences or is it really just a different name for the same thing?