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Important 403(b)/457(b) News
First Investors is now Foresters Financial (7/2/2015)
In September 2015, employers and participants will begin to see that First Investors rebranded to Foresters Financial. An announcement with FAQs was sent to TPAs (like CCC) in July, this letter is available here.
Great-West Financial is now Empower Retirement (4/21/2015)
As of February 2nd, 2015 Great-West Financial rebranded to Empower Retirement. An announcement with FAQs is available here.
Primerica announces a change to their remittance processing (2/26/2015)
Primerica Shareholder Services has announce that Franklin Templeton will no longer process remittance, future contributions are to be sent directly to Primerica at the address provided in the notification available here.
Contribution Limits Increase for 2015 (10/23/2014)
The IRS has published Pension Plan Limitations for 2015. Click here to review the IRS's news release or here to review the IRS COLA Increases for Dollar Limitations on Benefits and Contribution Chart. Please visit CCC's Contribution Limits page for additional information.
Waddell and Reed Fair Fund Settlement (8/19/2014)
Some Waddell and Reed investment account holders recently received checks from the Waddell and Reed Fair Fund Administrator as part of a settlement agreement with the SEC stemming from account activity between December 1998 through October 2003. It is imperative that recipients of these checks visit the settlement administrator's website (noted in the letter accompanying the check) to learn more about this settlement, options concerning this settlement, and the contact information for the settlement administrator.
ING is rebranding to Voya Financial in 2014 (8/13/2014)
ING released a statement concerning their intent to rebrand their products to the name Voya Financial. By September 1, 2014, all ING entities subject to the change will begin using the Voya name (this will include ING Life Insurance and Annuities Company and ING USA Annuities). The most recent press release regarding change is available by clicking here and an earlier release is available here. Voya also has a webpage describing the rebranding at www.voya.com. (Please note: this change will NOT effect ING ReliaStar.)
Aviva is rebranding to Athene in 2014 (3/3/2014)
Aviva Life and Annuity Company has changed its name to Athene Annuity and Life Company effective 3/3/2014. The press release regarding change is available by clicking here.
Contribution Limits for 2014 (10/31/2013)
The IRS has published Pension Plan Limitations for 2014. Click here to review the IRS's news release. Please visit CCC's Contribution Limits page for additional information.
To view older news items pertaining to 403(b) and 457(b) plans, please visit our Important 403(b)/457(b) News Archive.