Employer 403(b)
Employer 403(b) plans are tax-sheltered retirement annuities for employees of certain tax-exempt employers that may receive employer discretionary contributions and/or employee deferrals and employer-matching contributions. Public schools, universities, colleges and non-profit 501(c)(3) organizations are eligible to establish this type of plan.
457(b) Governmental
A 457(b) governmental plan is a deferred compensation arrangement of an eligible employer. States, political subdivisions of a state and their agencies or instrumentalities, public schools, universities and colleges are eligible to establish this type of plan.
via Great American Insurance Group – Plans for Educators and Not-for-Profits – Annuities.
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