TYPES OF NON-PROFIT PLANS
There are three main types of retirement plan options for non-profits.
401(k) Plan
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.
403(b) Plan
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).
NQDC Plan
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.
Comparison Chart
Compare the differences between a 401(k) Plan and a 403(b) Plan.
DOWNLOADABLE GUIDE
Non-Profit Plan Selection Guide
Use this guide to learn how to select the best retirement plan for your non-profit. This guide includes common pitfalls to avoid, what to look for in a plan, and how to choose the best providers for your plan.
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.
Top Questions to Ask When Evaluating Non-Profit Plan Providers
Use this checklist to know which questions to ask when evaluating your non-profit retirement plan providers.
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