403(b) Group Plans
Sterling Trust offers 403(b) group plan administration and record keeping services for employers.
Employees of tax-exempt organizations now have all the benefits of a daily-valued retirement plan once reserved only for 401(k) plans, including -
For more information, contact our Sales Group at STCServices@SterlingTrustCompany.com or call (800) 955-3434, option 5.
What is a 403(b) Plan?
A 403(b) plan is a special tax-advantaged employer-sponsored retirement plan for employees of certain tax-exempt organizations (qualified under IRC Section 501(c)(3)) and educational institutions. Generally, a 403(b) plan can be either a 403(b)(1) tax-sheltered annuity contract (TSA) issued by an insurer or a 403(b)(7) custodial account invested exclusively in mutual fund shares. Either type of 403(b) plan allows participants to make pre-tax contributions, taken from their paycheck, to a special retirement annuity or custodial account set up specifically in the participant's name.