Describe your familiarity with the administration of 403b and 457 plans.

"I understand that a 403b is a special retirement plan typically seen in public schools, tax-exempt organizations, and churches. Alternately, 457 plans are typically seen for governmental employees and independent contractors. The 457 is unique because there is no tax penalty for early withdrawals, and independent contractors may participate. I have a strong level of familiarity with each type of plan."

"While completing my accounting degree, I briefly learned about 403b and 457 plans; however, I could certainly deepen my knowledge on these topics. During my recent internship, together with the financial controller, I helped with the administration of 403b and 457 plans. We managed the plan contributions with the carrier and our deductions on the payroll end. I look forward to learning more about the administration of these plans with Company XYZ."