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Carruth Compliance Consulting, Inc.
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.
Vendors Eligible To Receive Exchanges/Transfers
Effective September 25, 2007, through December 31, 2008, in-service
under age 59 1/2 transfers from a 403(b) account with one Vendor to
a 403(b)
account
of a second
Vendor
is allowed for participants in CCC
Client District 403(b) Plans only if the the receiving
Vendor agrees to enter into an Information Sharing Agreement with
the District by December 31, 2008.
CCC has advised all of its Full
Service and Transitional Agreement Client Districts to require
that such Information Sharing Agreements be established between the District
and a Vendor before exchanges within and transfers into their plans
are allowed. Generally, CCC requires that Vendors enter into CCC
Umbrella Information Sharing Agreement (ISA) (updated 12-19-2007)
before such exchanges or transfers will be allowed. However, in
circumstances
where a speicifc Vendor steadfastly refuses to enter into a CCC
Umbrella
Information Sharing Agreement, and yet a sufficient number of CCC
Client Districts request that the Vendor in question be eligible
to receive exchanges and transfers within there plans, Vendor Information
Sharing Agreements directly with individual Districts are allowed,
such aggrements assigning District information sharing responsibilities
to CCC.
When Vendors enter into CCC Umbrella
ISAs, CCC requires that the Vendors provide specimen copies
of their 403(b)
annuity
contracts
and/or their 403(b)(7) custodial account agreements.
Vendors With CCC Umbrella ISAs
The list
below includes all Vendors for which CCC has a CCC Umbrella
Information Sharing Agreement
on file and specimen copies of their annuity contracts and/or custodial
account agreements. Simply click on the Vendor name to view
the associated
Information Sharing Agreement. (It may be necessary for you to *Ctrl*
click if your web browser blocks pop-ups.)
Vendors With Individual District ISAs
The list below includes all Vendors that have entered into Information
Sharing Agreements directly with individual CCC Client Districts, such
agreements designating CCC as the party with which Vendor information should
be shared on behalf of the District. Click on the Vendor name to obtain a list
of CCC Client Districts currently holding such ISAs with the Vendor in question.
* American Funds Distributors, Inc. has requested that CCC not publish
either the list of CCC Client Districts that have entered into 403(b)
Basic Vendor Agreements for Individual Custodial Accounts or the Information
Sharing Agreement provided to Employers by American Funds Distributors,
Inc.
For additional background and information
go to the Vendor Information Page.
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