Envoy Financial - Trusted Advice Along The Way

Future Ministry Partners

Partner With Envoy

About Envoy

   How We Serve Ministries

   Plan Design Elements:
     401(k) vs 403(b)
    Investment Options
    Roth
    Auto Enrollment Plus
    Online Enrollment

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About Envoy

Retirement Plan Comparison

403(b) or 401(k)? Which plan makes the most sense for your ministry?

One of the most important decisions you can make as a plan sponsor is regarding the type of plan you implement and provide to your employees. Consider that:

Some plan types are more restrictive to you as plan sponsor
Some are more expensive to administer but provide no more benefit
Some provide better benefits to certain people

In the 501(c)(3) marketplace, the 403(b) is usually the better solution for plan sponsors and plan participants, especially those with ministerial status. For a comparison between 401(k) and 403(b) plans, click Retirement Plan Comparison.

If you have questions about what plan type would be best for your ministry, we’re here to help. For more information, contact Jeff Gater at (888) 879-1376, ext 209 or by email.

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Trusted Advice Along The Way