403(b)wise . Wise Information for Participants . Contribute to a 457(b) and a 403(b)

Contributing to Both a 457(b) and a 403(b)
You are permitted to contribute the maximum allowable to each plan.
How a 403(b) is Different From a 457(b)
The plans are similar. The key differences are: Assets in a 403(b) are held directly by employees, while 457(b) assets are held in a trust for the benefit of employees. There is no federal 10 percent premature distribution penalty imposed on withdrawals from a 457(b) plan when separating from service. Different rules apply for hardship withdrawals. See 403(b) hardship withdrawal information and 457(b) unforeseen emergency withdrawal information.
Learning More About the 403(b)
See the About the 403(b) section.

457(b) Basics » Contribution Limits » Products and Vendors » Cost to Invest in a 457(b) » Modifying Contributions »	Accessing 457(b) Savings » Other Changes to Your 457(b) » Buying Service Credit » Contribute to a 457(b) and a 403(b)