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CCC Information & Services
ALERT!!
Effective 08/08/2008, no changes will be made to CCC’s legacy
website, now with Internet address www.ncompliancelegacy.com. Henceforth, www.ncompliance.com
goes directly to CCC's new, dynamic, database supported website.
For many months now, CCC has been developing and testing a new, dynamic, database-supported website,
which now resides at www.ncompliance.com, while at the same time maintaining this website, which is
now our legacy website (www.ncompliancelegacy.com). Development of the new website was essential to
allow CCC to provide dedicated sections of its website to more than 50 new clients accumulated since
publication of the Final 403(b) Regulations on July 23, 2007. We chose completion of the Plan Document
System on the new website as the appropriate time to migrate from the legacy website, even though
considerable work remains to be done. Specifically, we will be working with Vendors through the end
of calendar year 2008 to incorporate updated Vendor information into the new website. Moreover, 457(b)
Deferred Compensation Plan (DCP) information remains only on this legacy website, but those CCC clients
for which we are managing their 457(b) Plans may continue to refer to this legacy website until the full
migration has been accomplished.
We are very proud of our new website, especially the Plan Document System and the Content Management
System (CMS), which allows Client Employers and Vendors to manage the content of their own sections of
the website. We hope you share our enthusiasm and will create links form your own websites to your
dedicated sections of the CCC website. Doing so will provide everything your employees need to know
about their 403(b) Program.
Brief Company History
Dr. J. Harvey Carruth is nationally recognized as a 403(b) and 457(b)
plans expert. He directed the Individualized Retirement Financial Planning
Project at The University of Tennessee from 1980 through 1997, then founded
Carruth Compliance Consulting, Inc. (CCC), an Oregon Corporation. During
the period since 1997, CCC has developed solid consultant-client relationships
with numerous Oregon Public School Districts and ESDs. CCC services remove
significant loads from the shoulders of school business officials, especially
now that Final 403(b) Regulations have been published.
Compliance Issues
403(b) Tax Sheltered Annuity (TSA) Plans and 457 Deferred Compensation
Plans (DCP) are rift with complexities, not the least of which is the
need for historical salary, service, and contribution data all the way
back to initial employment for some employees. Collection of historical
data has proven to be one of the greatest single hurdles in audit-proofing
efforts associated with both TSA and DCP Plans.
Other constantly changing rules and regulations include:
- Elective deferral limits and catch-up provisions.
- Contract exchanges, plan-to-plan transfers, and rollovers.
- Loans, hardship withdrawals, severance pay, and back pay.
- Early retirement incentives and post-retirement contributions.
- Solicitation rules and requirements for authorized vendors.
Compliance Assurance Services
Carruth Compliance Consulting, Inc. (CCC) has developed, tested, and implemented
a proprietary cost-effective critical pathway methodology that obviates
the need for collecting historical payroll data for more than 95% of the
participants in 403(b) and 457(b) Plans. Moreover, for the less than 5%
of participants for whom historical data must be collected, a non-intrusive
data collection approach is used, in that it does not require contacting
either employees or investment companies.
Plan Administration Services
CCC serves as the clearing house for all aspects of plan administration
except for the standard Payroll functions of receiving Salary Reduction
Agreements, data entry into the Payroll system, and remittance of contributions
to investment companies. Comprehensive practices and procedures are implemented
for CCC clients, most of which are made available in client-specific sections
of this website.
Plan administrative services provided by CCC include:
- Information about participation in the plans.
- Online salary reduction and service provider agreements.
- List of and links to authorized vendor websites.
- Administration of contracts and plan-to-plan transfers.
- Administration of rollover distributions.
- Administration of other types of transactions.
- Administrative policies and procedures.
- Communications with administrators and employees.
Indemnification
CCC indemnifies client Districts, their employees, and their authorized
investment companies with respect to any sanctions, penalties, and interest
that might arise in an IRS audit of any year for which CCC has provided
compliance assurance services.
No Conflicts of Interest
CCC personnel have never been involved in marketing 403(b) or 457(b) products,
nor will they ever be so involved. Therefore, there cannot be even the
appearance of a conflict of interest in the services provided by CCC.
References
Contact the officials listed at the above link for evaluations of the
quality and value of services provided by Carruth Compliance Consulting,
Inc.
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Harvey established Carruth Compliance Consulting, Inc. (CCC) in 1998 with
the purpose of providing indemnified compliance assurance services to
public school districts for their supplemental retirement savings plans
(TSAs under Section 403(b) and DCPs under Section 457(b) of the Internal
Revenue Code). Beginning in 2002 Harvey began an expansion of the services
offered by CCC to include certain plan administration services, primarily
through a website with dedicated individual school district sections.
Publication of new 403(b) Regulations in July of 2007 has led to substantial
increases in number of clients, including new clients in Washington state.
Click 
Heather is responsible for analyzing data from CCC client districts, data
related correspondence, and performing tests to ensure compliance with
IRS rules concerning 403(b) accounts. Heather received her M.A. in Sociology
from California State University, Sacramento. Her studies focused heavily
on research methodologies, both statistical and qualitative. Ms. Mondor
has presented her research at the Pacific Sociological Association and
the California Sociological Association and was a Contributing Researcher
on CSUS’s Sacramento Regional Quality of Life Survey. Professionally,
Heather has served in Management capacities in multiple organizations
and brings strong business analytics knowledge to her work at CCC.
Kayla has responsibility for the ongoing day-to-day operation of the office.
Her excellent communications skills and desire to provide outstanding
client service serve her well in working with school district and ESD
personnel as well as vendors. Harvey and Kayla moved to Oregon in 1997
after long tenures at the University of Tennessee in Knoxville. They love
living in the Pacific Northwest and have found that new friends and colleagues
have made it easy to call Oregon “home.” Unlimited opportunities
for hiking, skiing, visiting wonderful sites in the area, and tasting
the incredible food are definitely to their liking.
Justin oversees all technology at CCC with emphasis
on Information Security to reliably safeguard CCC client data, and brings
over 20 years
of proven
ITSM
Change Management experience to CCC's IT infrastructure. Justin has authored
numerous IT industry white papers governing best practices for information
security data controls, cryptanalysis of symmetric cryptography, and
general
computer security. His implementation of Risk Management and Management
Information Systems have helped CCC grow its client base while simultaneously
enhancing back office efficiency and systems accuracy. Justin spends
his spare
time divided between keeping fit at the gym, creating scifi art, and photography.
