Who can participate in a 403(b) plan?
Eligible employees include:
- Employees of tax-exempt organizations established under IRC section 501(c)(3).
- Employees of public school systems who are involved in the day-to-day operations of a school.
- Employees of cooperative hospital service organizations.
- Civilian faculty and staff of the Uniformed Services University of the Health Sciences (USUHS).
- Employees of public school systems organized by Native American tribal governments as well as the grandfathered plans of Indian Tribal Governments.
- Certain ministers if they are:
- Ministers employed by section 501(c)(3) organizations.
- Self-employed ministers. A self-employed minister is treated as employed by a tax-exempt organization that is a qualified employer.
- Ministers (chaplains) who are both employed by organizations that are not section 501(c)(3) organizations and function as ministers in their day-to-day professional responsibilities with their employer.
Salary Reduction Forms
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