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South Portland Office

707 Sable Oaks Drive

Suite 203
South Portland, ME 04106

Employer Sponsored Retirement Plans

Simple IRA: is a type of tax-deferred employer-provided retirement plan in the United States that allows employees to set aside money and invest it to grow for retirement.

401(k): is a defined contribution plan where an employee can make contributions from his or her paycheck either before or after-tax, depending on the options offered in the plan. The contributions go into a 401(k) account, with the employee often choosing the investments based on options provided under the plan.

403(b): is a defined contribution plan offered to employees of private/public schools and tax-exempt organizations. The employee can make contributions from his or her paycheck either before or after-tax, depending on the options offered in the plan. The contributions go into a 403(b) account, with the employee often choosing the investments based on options provided under the plan. 

457 Plan: The 457 plan is a type of nonqualified, tax advantaged deferred-compensation retirement plan that is available for governmental and certain non-governmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre-tax basis.