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IRS Focus Area
Several District administrators have received letters from vendors about
an IRS pilot initiative in three states (Washington, Missouri, and New Jersey)
dealing with “universal eligibility”. Some of these communications
suggest that Districts should be concerned about the issue the IRS is addressing
and that the vendor’s representative(s) are available to discuss the issue
with District personnel. CCC clients should rest assurred that they need not be
concerned about this matter. Copies of the IRS letter, the accompanying Section 403(b)
Questionnaire, and a follow-up form letter to Districts the IRS deemed to have
provided responses indicating possible plan defects are available for your review
at:
IRS Letter, Questionnaire, and Follow-up Letter (131 KB)
IRS Letter and Questionnaire (better quality 1 MB)
The IRS has now announced that it is expanding this initiative to all 50 states,
beginning with Alaska, Florida, Hawaii, Illinois, Nevada, Pennsylvania, Tennessee
and Virginia.
BenefitsLink Press Release, Thursday, June 21, 2007
IRS Announcement, June, 2007
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.
Policies & Procedures
This link
provides official District Policies & Procedures that apply to 403(b)
TSA Program.
Salary Reduction Agreement
The Salary Reduction
Agreement (SRA) at this link may be completed online, printed, and signed
by the employee for submission to the Payroll Office.
Information For
Employees
CCC provides educational information about advantages of
tax deferred savings in general, along with links to websites that provide
useful commentary and tools. District policies, practices, and procedures
are available online, along with enrollment steps, Salary Reduction
Agreement forms, and instructions for changing investment companies or
contribution amounts. CCC monitors contributions for IRS compliance and
guarantees its calculations.
Information For Vendors
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. This vendor information section is designed to
assist non-authorized vendors in seeking authorization and to assist
authorized vendors in providing up-to-date company and agent
information.
Current List Of Authorized Vendors
Some
authorized investment companies have numerous registered representatives
authorized to do business on their behalves. Others have no agents at all.
The list at the above link includes the most recent information available
about companies on the Canby School District list of authorized
vendors. | 
