Can 501(c)(13) Establish A 403(b) Plan?

[metsfan026]

We have a new client who is tax-exempt as a 501(c)(13) company.  They are looking to establish a 403(b) Plan, but based on what I've read it doesn't look like they'd be eligible to establish one.  Would they be eligible, or would they have to instead go with a 401(k)?

Thanks in advance!

[Carol V. Calhoun]

You are correct, they are ineligible. Only a 501(c)(3) or a public school can have a 403(b}.