|
CCC Hillsboro Policies & Procedures
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.
School Board Policies
The ultimate authority for establishing school district policy rests with
the School Board. However, often Board policies are general in nature
and require additional policies and procedures for implementation.
Vendor
Authorization Rules
The District has rules for how a vendor becomes authorized to market 403(b)
and/or 457(b) products to its employees. These rules may be reviewed by
clicking on the "Vendor Authorization Rules" link above.
403(b)
Elective Deferral Limits
The IRS places limits on the amount you are allowed to contribute to 403(b)
plans. This link provides general information about these limits. Contact
us for a free personal calculation of your maximum allowable contribution
(MAC).
403(b)
Hardship Withdrawal Rules
The IRS has established rules for determining when hardship distributions
are allowed from 403(b) accounts. This link gives additional details.
Loans
Some 403(b) and 457(b) contracts allow loans. The policies listed in this
link are specific to all 403(b) and 457(b) loans, and are established
by the IRS rather than the District.
|
