To (b) or not to (b)?

[SMB]

Client currently maintains a salary deferal only 403(B) plan and a separate 401(a) profit sharing plan. Client is considering maintaining just a single program - either by providing for the employer contribution in the 403(B) plan or by adding 401(k) provisions to the profit sharing plan. The client is not considering an employer matching contribution under either scenario.

I am not familiar enough with the pros and cons of 403(B) plans to determine which might be the better approach.

Any input from "403(b)ies" would be most appreciated!

[Carol V. Calhoun]

You might want to check out a chart I did, Choosing Among 401(k),403(B), and 457 Plans. (Just click on the title to go to it.) It gives some of the major pros and cons of each.