403(b) Plan Optional Features

Q. What are 403(b) plan optional features?

A. An employer may—but is not required to—offer some features, such as: 

• Roth 403(b) contributions;
• catch-up contributions,
• loans; and
• hardship disributions.

Important: if an employer permits an optional feature, the terms and conditions under which that feature is made available must be part of the written 403(b) plan.