OppenheimerFunds Distributors, Inc (aka: OppenheimerFunds) - General Status
OppenheimerFunds is remaining in the 403(b) market and has entered into an Umbrella ISA with CCC. Click Here for an online enrollment form for an OppenheimerFunds 403(b)(7) Custodial Account.
On 1/29/2009 CCC learned that OppenheimerFunds does not allow loans against accounts for which Participant have severed employment with Employers that sponsor the corresponding 403(b) Plans. The minimum loan amount must be no less than $1,500.00, this must represent at least 50% of the account balance plus sufficient funds to cover fees associated with the loan.
OppenheimerFunds Distributors, Inc (aka: OppenheimerFunds) Web Homepage
OppenheimerFunds has provided this link as its home office webpage. Click on it to obtain general information about products and services offered by OppenheimerFunds, or click any of the links below for more specific details on fund profiles, prospectuses, performance, fees, and loading charges.
Investment Fund Information
The following web links have been provided by OppenheimerFunds to make available current information about annuity and custodial account investment opportunities offered by the company. Follow these links for fund profiles, prospectuses, performance, fees, and loading charges:
403(b) Investment Options
OppenheimerFunds offers the following type of 403(b) investment option:
- 403(b)(7) Custodial Mutual Funds (Load)
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Roth 403(b) Contribution Policy
OppenheimerFunds accepts Roth 403(b) contributions as of January 1, 2006. However, in rare cases some vendors (e.g., Fidelity Investments) require electronic funds transfer (EFT) to accept Roth contributions, so some employers that allow Roth 403(b) Contributions will not remit Roth contributions to such vendors.
Investment products of OppenheimerFunds are marketed using the following approaches:
- End of List Declared by OppenheimerFunds
Helpful Employee Resources
OppenheimerFunds has not provided a weblink to any online consumer education or financial planning tools or calculators they may or may not offer to assist participants with financial planning and education. The moment OppenheimerFunds provides a weblink to us, we'll post it here immediately.
Active in Other CCC Employer 403(b) Plans
To see which other CCC Employers hold Active Payroll Slots with OppenheimerFunds, please visit our General OppenheimerFunds Distributors, Inc Page.
Vendor Page Maintainance
Vendors may manage their own CCC website pages via authorized logins available upon request. Vendors are invited to update their company and Employer-specific information (Plan or Group Number, Local Contacts, Product Information, Forms, etc.) regularly.
OppenheimerFunds Distributors, Inc has supplied the following forms which may be PDFs or online submittals:
Please contact OppenheimerFunds to request any other type of forms you might need.
Employers for which OppenheimerFunds Distributors, Inc (aka: OppenheimerFunds) is Eligible to Receive Contributions
Important: The list below represents those Employers in whose 403(b) Plans OppenheimerFunds holds an Active Payroll Slot:
Important: The list below represents those Employers in whose 403(b) Plans OppenheimerFunds holds an Inactive Payroll Slot:
Employers for which OppenheimerFunds is Eligible to Receive Exchanges, Transfers, and Rollovers
Important: The list below represents those Employers in whose 403(b) Plans OppenheimerFunds is eligible to receive exchanges, transfers, and rollover contributions because OppenheimerFunds has signed
CCC's Umbrella Information Sharing Agreement:
Employers for which OppenheimerFunds is an Orphaned Vendor
An Orphaned Vendor is a Vendor that received contributions under the Plan during the period 1/1/2005 through 12/31/2008, but has not and will not receive Contributions, Exchanges, Transfers, or Rollover Contributions into Accounts under the Plan after 12/31/2008. The list below represents those Employers in whose 403(b) Plans OppenheimerFunds is classified as an Orphaned Vendor:
Employers for which OppenheimerFunds is a Deselected Vendor
Important: A Deselected Vendor is a vendor that held an Active or Inactive Payroll Slot an employer's 403(b) Plan and received contributions after 12/31/2008, but the vendor is no longer eligible to receive contributions in the plan. The list below represents the employer 403(b) plans where OppenheimerFunds is a Deselected Vendor.
Employers for which OppenheimerFunds is a Grandfathered Vendor
Important: The list below represents those Employers in whose 403(b) Plans OppenheimerFunds is classified as a Grandfathered Contribution Vendor:
Important: The list below represents those Employers in whose 403(b) Plans OppenheimerFunds is classified as a Grandfathered Exchange Vendor: