Putnam 403(b) Plan

Designed for public educators and employees of non-profit organizations, a Putnam 403(b) plan offers convenience and flexibility. This plan features tax deferral, investment flexibility, and online access.

Today's opportunity

Faced with the challenges of today's economy, employees of non-profits and public schools need every advantage when saving for retirement. A Putnam 403(b) plan offers just that — with tax benefits, convenience, and high contribution limits.

Investors who could benefit

  • Employees of tax-exempt non-profit organizations.
  • Employees of public educational institutions.

Take advantage: Putnam 403(b)

  • Tax-deferred growth until withdrawal
  • Reduced current taxable income and taxes
  • Contribution limit of $22,500 in 2023 ($30,000 for individuals age 50 or older)
  • As much as $3,000 per year for individuals who have completed at least 15 years of service with the organization; $15,000 lifetime limit
  • A wide selection of mutual funds in every investment style
  • Putnam's award-winning customer service


Use Type
Review the Putnam 403(b) Service agreement. PDF
Download the Putnam 403(b) Custodial account agreement. PDF

Withdrawals are subject to income tax, and those made before age 59½ may be subject to an additional 10% tax.