The purpose of this legislation, known as the Retirement Fairness for Charities and Educational Institutions Act of 2025, is to improve 403(b) retirement plans. These plans are often used by employees of non-profit organizations, such as charities and educational institutions. The goal is to make these plans more accessible and beneficial for employees, ensuring they have better options for retirement savings. Key provisions of the legislation focus on updating existing laws related to 403(b) plans.