TYPES OF NON-PROFIT PLANS
There are three main types of retirement plan options for non-profits.
A 401(k) plan is a retirement plan that can be utilized by non-profits and for-profit organizations. It is a flexible plan type which make it a popular choice among nonprofits.
A 403(b) plan is available to non-governmental non-profit entities. This plan type is exempt from certain compliance testing and has fewer investment options than a 401(k).
A Non-Qualified Deferred Compensation (NQDC) plan can be added to a 401(k) or 403(b) plan in order to provide additional benefits to key employees. NQDC plans are popular with non-profit organizations due to their tax exempt status.
MUST-SEE 2-MINUTE VIDEO
Frequently Asked Questions
Watch this short video from a Fisher Retirement Plan Specialist to learn how to choose the best retirement plan for your non-profit.