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0 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation | Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Classifieds Jobs Autos Real Estate FEATURED » NEWS NOW Medford councilors irked by leaks from closed meetings ... Police shootings weigh on Rogue Valley officers ... Wyden pushes for study of gun violence ... Medford councilors irked by leaks from closed meetings ... Police shootings weigh on Rogue Valley officers ... Wyden pushes for study of gun violence ... SINCE YOU ASKED Since You Asked: 401(k) plans offered by for-profit companies Comment MailTribune.com Writer Posted Jul. 19, 2016 at 12:01 AM Posted Jul. 19, 2016 at 12:01 AM » Social News I started a new job and saw in my financial packet I don't have a 401(k), but a 403(b). How are the two different? — Heather M., Talent Congratulations on your new job, Heather! While they have different names, the two plans basically work the same way. According to CNN Money, the main difference is the type of employer who can offer each plan to its employees. 401(k) plans are offered by for-profit companies, but 403(b) plans are available only to those working for a tax-exempt organization. These include schools, hospitals and religious groups. The name of the plan refers to the section of the tax code that outlines each one. In the past, 403(b) plans have offered more limited investment choices, but they've recently started to offer a variety of investment options. Additionally, 401(k) plans often have vesting schedules spread over the course of a few years, but their counterpart vests immediately or over a shorter period of time. — Send questions to “Since You Asked,” Mail Tribune Newsroom, P.O. Box 1108, Medford, OR 97501; by fax to 541-776-4376; or by email to [email protected]. To see a collection of columns, go to mailtribune.com/youasked . We’re sorry, but the volume of questions received prevents us from answering all of them. MailTribune.com Writer Posted Jul. 19, 2016 at 12:01 AM » Comment or view comments Reader Reaction » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... Business Name address Location, ST | website.com Find Southern Oregon Attractions Bars Restaurants Beauty Salons Entertainment Doctors Medical Specialists Contractors Education Lawn Services Lawyers Shopping Travel Tanning Used Cars Wedding Services ▼ Add your business here + Events Calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Propel Marketing Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Mobile Site Stay Informed Email newsletter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2016 Local Media Group, Inc. All Rights Reserved. Privacy Policy | Terms of Service | Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501