Associate Michael Gorman spoke with PlanSponsor for an article about regulatory changes that have made 401(k) and 403(b) plans less distinct from each other. Michael discussed how aspects of each plan type might influence which one employers offer to their employees.
“The modern version of the 403(b) plan is very similar to the modern version of the 401(k),” Michael said. “There aren’t that many significant differences.”
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