403(b) and 457(b) plans
US retirement plans linked to certain public employers, nonprofits or eligible organisations.
Definition
US retirement plans linked to certain public employers, nonprofits or eligible organisations.
Why this concept matters
They broaden the range of workplace retirement saving in the United States.
What to watch
They are limited to employer and employee categories defined under US law.
Simple example
An eligible employee may defer part of their pay into the plan offered by their employer.
Availability and country
- Country or system of origin
- United States
- Status
- Product specific to the US system
- Access from France
- Generally unavailable as a local wrapper to a French tax resident, except in specific US circumstances and subject to eligibility.
- French equivalent
- Employer retirement plan: a partial comparison with different eligible groups and rules.
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