Investment options generally are more limited for 403(b) plans than they are for other qualified retirement plans.
Amounts contributed into 403(b) accounts may only be invested in annuity contracts or custodial accounts that hold mutual funds. Further, 403(b) plan assets invested in annuity contracts may be invested in fixed or variable annuities.
Investments in individual stocks and bonds, bank savings accounts, individual treasury notes or bills, or similar types of investments traditionally available under employer-sponsored retirement plans are not permitted for 403(b) accounts.
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