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blue notebook with 403(b) Plan written in gold on cover (Photo: Shutterstock)

Employees of nonprofit organizations stepped up their participation in 403(b) retirement plans last year despite the impact of the pandemic.

Nonprofits again proved to be leaders in specific retirement plan design features. More than half of 403(b) plans reported offering annuities as a distribution option that would provide guaranteed income in retirement. Nonprofits are also ahead on offering access to environmental, social and governance-focused investment options.

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