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American Funds ISAs

Individual CCC Client Employers

For those Employers that established 403(b) Basic Vendor Agreements for Individual Custodial Accounts by October 1, 2008, and maintained one or more 403(b) plan accounts with contributions prior to January 1, 2009, American Funds Distributors, Inc (aka: American Funds) requires the use of its own Information Sharing Agreement and the American Funds ISA must be directly between American Funds and the Employer. However, the Employer may designate CCC as the Employer's agent for information sharing.

During 2008, individual CCC Client Employers expressed strong interest in making American Funds available to Employees for contributions, exchanges, transfers, and rollovers. Therefore, CCC elected to accommodate the American Funds requirements on an Employer-by-Employer basis, by allowing interested CCC Client Employers to enter into American Funds 403(b) Basic Vendor Agreements for Individual Custodial Accounts and ISAs that designate CCC as the party with which American Funds is to share data on behalf of the Employer.

If an Employer failed to enter into an American Funds 403(b) Basic Vendor Agreement for Individual Custodial Accounts by October 1, 2008, then the only way Employees of that Employer can contribute to American Funds 403(b) accounts is through platforms of other 403(b) Vendors.

The following CCC Client Employers have entered into American Funds ISAs. Clicking on the Employer's name will reveal the agreement between American Funds and the respective employer:

 

Employer Instructions

The deadline for Employers to enter into American Funds Distributors, Inc (aka: American Funds) 403(b) Basic Vendor Agreements for Individual Custodial Accounts was October 1, 2008. It is no longer possible for Employers to add American Funds as a 403(b) Vendor eligible to receive contributions, exchanges, transfers, or rollover contributions. If an Employer failed to enter into an American Funds 403(b) Basic Vendor Agreement for Individual Custodial Accounts by October 1, 2008, then the only way Employees of that Employer can contribute to American Funds 403(b) accounts is through platforms of other 403(b) Vendors. Please Contact Us if you have any questions.