TIAA is by far the largest
| Rank | 403(b) Provider | 2019 Asset Growth |
|---|---|---|
| 1 | TIAA | -4.1%% |
| 2 | Fidelity Investments | -0.5% |
| 3 | VALIC | N/A |
| 4 | Transamerica Retirement Solutions | -5.8% |
Also question is, how do 403b plans work?
Simply put, a 403(b) is an employer-sponsored plan you can use to save for retirement, like a big bucket you put money into for your future. … Since you’re contributing after-tax dollars, the money you put into a Roth 403(b) grows tax-free and you won’t pay any taxes when you take the money out in retirement.
Beside above, who does the 403 b retirement plan serve? A 403(b) plan is a retirement account for certain employees of public schools and tax-exempt organizations. Participants include teachers, school administrators, professors, government employees, nurses, doctors, and librarians.