NOTE: Variable life and annuity products, as well as other securities products, are offered through Pensionmark Securities LLC (member SIPC). Some Registered Representatives may also be licensed with Meridien Financial Group, Inc., a Registered Broker/Dealer and Member of FINRA/SIPC. Meridien Benefits, Inc. and/or its agents are presently licensed to sell traditional life insurance. Insurance services are limited to residents of approved and licensed states. For additional information please contact Meridien Benefits, Inc. The contents of this site are for informational purposes only and are not to be construed as an offer to sell or a solicitation to buy any securities. Such offers can only be made where lawful under applicable law. The contents of this site have been compiled from sources, which we believe to be reliable, but are not guaranteed. Meridien Benefits, Inc. does not warranty, guarantee or make any representations, or assume any liability with regard to financial results based on the use of the information in the site. Proper state registration is mandatory prior to conducting business in any state. Should you have any questions please contact Meridien Benefits, Inc. The principal place of business and the state of domicile for Meridien Benefits, Inc. is: 10 Dorrance Street, Suite 524, Providence, RI 02903 401-272-7070. * Securities offered through registered representatives of Pensionmark Securities LLC., a registered Broker/Dealer, Member SIPC.
A note about 403(b) and 457 plans: Where applicable, people can contribute to both plans, to one plan or to neither. Often employees choose to contribute more money to a 403(b) than a 457 because of the stricter age-related 457 distribution limitations. Someone nearing retirement might not want to change jobs, fearing a lower salary elsewhere. Job change and retirement are the main options available to an employee who wants to take 457 distributions. For that reason, many people treat the 403(b) as a primary plan and the 457 as a supplemental plan. However, some people – particularly younger employees – do choose to make a 457 their primary plan because they can take distributions at any age when they stop working for the employer who sponsors the plan.