403(b) Plan


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	403(b)


Home Retirement Center Individual Retirement Plans 403(b)

403(b) Plan

IMPORTANT PLAN INFORMATION: Pioneer 403(b)(7) Custodial Account

IMPORTANT PLAN INFORMATION: Pioneer 403(b)(7) Custodial Account Amendment

Also known as a Tax-Sheltered Account (TSA), a 403(b) plan is available only to employees of public schools, nonprofit hospitals and other specific tax-exempt organizations. This plan lets employees set aside a portion of their salary, before taxes, through payroll deduction.

Who May Establish	Employees of public schools and tax-exempt 501(c)(3) organizations.
Establishment Deadline	Before employee contributions begin.
Contribution Deadline	Salary deferral contributions generally deposited with each pay period.
Who Contributes	Generally employees.
Annual Contribution Limit	Generally, for 2013, 100% of pay up to $17,500 ($23,000 if age 50 or older). Special "catch-up" elections may increase the contribution limit.¹
Contribution Requirements	Contributions are discretionary each year.
Employee Eligibility	Determined by employer's plan.
Vesting	Always 100% for employee contributions.
Withdrawals	Determined by employer's plan.
Loan Feature	No longer offered on Pioneer 403(b) accounts effective Nov. 1, 2011
Plan Administration	Employer.

1. Additional catch-up contributions may be available to participants with 15 years of service with the same employer.

This material is not intended to replace the advice of a qualified attorney, tax advisor, investment professional, or insurance agent. Before making any financial commitment regarding the issues discussed here, consult with the appropriate professional advisor.

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it here.