Project your 403(b) balance at retirement, including any employer match.
Project your 403(b) balance at retirement, including any employer match.
Your contribution is a percentage of salary deducted each pay period, and the employer match is applied up to whatever percentage your employer matches (capped at your own contribution rate if you contribute less than the maximum matched amount). Both amounts are invested monthly and compound at your expected rate of return over the years until retirement — the same mechanics as a 401(k), since 403(b) plans (used by schools, hospitals, and non-profits) work almost identically.
