Would a 401k for a nonprofit private school make sense rather than a 403b plan?

[Guest tpeterson1959]

Would a 401k for a nonprofit private school make sense rather than a 403b plan? Most participants are not teachers, and most teachers seem to move in and out of teaching. Thoughts and comments are appreciated.

[QDROphile]

It depends on what you are trying to accomplish.

403(b) plans are ususally favored because of simplicity (which also affects cost), but you may want some more complex features and you may want more flexibility with investments -- but probably not when you balance it all out.