|
gptkbp:instanceOf
|
retirement plan
|
|
gptkbp:alsoKnownAs
|
gptkb:Tax-Sheltered_Annuity
|
|
gptkbp:businessModel
|
gptkb:church
gptkb:501(c)(3)_organizations
public schools
|
|
gptkbp:catchUpContributionLimit2023
|
$7,500
|
|
gptkbp:catchUpProvision
|
15-year rule for long-term employees
|
|
gptkbp:contribution
|
employee contributions
employer contributions
|
|
gptkbp:contributionLimit2023
|
$22,500
|
|
gptkbp:contributionMethod
|
salary deferral
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:differenceFrom401k
|
available to nonprofit and public education employees
different catch-up rules
|
|
gptkbp:differenceFrom457b
|
different eligible employers
|
|
gptkbp:earlyWithdrawalPenalty
|
10%
|
|
gptkbp:eligibility
|
certain ministers
public school employees
nonprofit organization employees
|
|
gptkbp:establishedBy
|
gptkb:Internal_Revenue_Code_Section_403(b)
|
|
gptkbp:frequency
|
payroll deduction
|
|
gptkbp:hardshipWithdrawalsAllowed
|
yes
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
403(b)
|
|
gptkbp:investedIn
|
annuities
mutual funds
|
|
gptkbp:loansAllowed
|
yes
|
|
gptkbp:planDocumentRequired
|
yes
|
|
gptkbp:planSponsor
|
employer
|
|
gptkbp:policy
|
defined contribution plan
|
|
gptkbp:regulates
|
gptkb:Department_of_Labor
gptkb:IRS
|
|
gptkbp:requiredMinimumDistributions
|
age 73 (as of 2023)
|
|
gptkbp:rolloverAllowed
|
gptkb:IRA
gptkb:401(k)
|
|
gptkbp:rolloverTo401k
|
allowed
|
|
gptkbp:rolloverToAnother403b
|
allowed
|
|
gptkbp:rolloverToRothIRA
|
allowed (taxable event)
|
|
gptkbp:rolloverToTraditionalIRA
|
allowed
|
|
gptkbp:RothOptionAvailable
|
yes
|
|
gptkbp:subjectToContributionLimits
|
yes
|
|
gptkbp:subjectToERISA
|
sometimes
not always
|
|
gptkbp:subjectToNondiscriminationTesting
|
not always
|
|
gptkbp:taxationOnWithdrawal
|
ordinary income tax
|
|
gptkbp:taxStatus
|
tax-deferred
Form 5500 (if subject to ERISA)
|
|
gptkbp:vestingSchedule
|
varies by plan
|
|
gptkbp:withdrawalAge
|
59½
|
|
gptkbp:bfsParent
|
gptkb:Defined_Contribution_Pension_Plan
|
|
gptkbp:bfsLayer
|
6
|