IRC Section 403(b)established the tax-deferred annuity program as a qualified contribution plan under ERISA guidelines.(403(b)Tax-Deferred Annuity Plans)

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While IRC Section 403(b) does establish tax-deferred annuity plans for employees of public schools and certain tax-exempt organizations, these plans are not considered qualified plans under the Employee Retirement Income Security Act (ERISA) guidelines in the same way that 401(k) plans are. However, they are subject to certain ERISA requirements if the employer contributes to the plan or if the plan allows employee contributions to be made under a salary reduction agreement.

IRC Section 403(b)established the Tax-Deferred Annuity Program as a Qualified