A new study by LIMRA looks at the differences between health care and higher education 403(b) retirement plans.
The two market segments together represent $485 billion, or 67 percent, of the 403(b) market, and while both the higher education and healthcare market segments utilize 403(b) plans, higher education plans have a higher participation rate and are more likely to offer a match than health care plans.
The study found that higher education plans also are more likely to use multiple providers.
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