There are compelling reasons to Sign CCC's Umbrella Hold Harmless and Information Sharing Agreement (HH-ISA):
By signing CCC's Umbrella HH-ISA and providing specimen copies of your company's Annuity Contract and/or Custodial Account Agreement, your company becomes eligible to receive Exchanges within, Plan-to-Plan Transfers into, and Rollover Contributions into Vendor accounts established for ANY participant in ANY current and future CCC full-service client employer's 403(b) Plan. The CCC Umbrella HH-ISA also reduces the administrative costs to Vendors by covering a large group of Employers under a single agreement. CCC does not charge fees to Vendors, nor is CCC evolved in marketing 403(b) or 457(b) products.
FULL CONNECTION FUNDAMENTALS
- Enter into an Umbrella CCC Hold Harmless and Information Sharing Agreement (HH+ISA) with CCC
- Provide specimen copies of annuity contracts and/or custodial account agreements, preferably via links to those documents on your company website
- Provide 403(b) endorsements if annuity contracts and/or custodial account agreements are generic in nature, preferably via links to those documents on your company website
- Appoint a Vendor Primary Contact with name, address, phone number, and email address to whom CCC will assign a User Name and Password that will allow this individual to manage information on the Vendor's dedicated section of the CCC website
- Provide Employer-specific information for any of CCC's client Employers you already service and wish to continue servicing
We recommend assigning a Vendor Primary Contact, to whom Login account information will be provided by CCC. If no one is appointed, CCC will provide a User Name and Password to the "CCC Shared Information Should Be Delivered To" contact listed on the CCC HH+ISA form. The reason obtaining a new account is helpful is because it allows you to edit a dedicated area of this website for your company, providing information about the services you offer. When Employees of various CCC Client Employers visit their Employer's site, they're presented with a list of Vendors that are connected with CCC and/or which meet their Employer's Plan Document minimum specifications. When Employees can click into a Vendor's page here on this site, review and compare offers between various Vendors, they're more likely to select such a company over one that has no information or an offsite-only webpage.
Once you've been assigned your Login account, you should login, change your password, provide contact details, and begin the process of entering requested information about your company.
Alternative Partial Connection Fundamentals
For Vendors that refuse to enter into an Umbrella Hold Harmless and Information Sharing Agreement (HH+ISA) with CCC: It is up to individual CCC Client Employers as to whether or not they will enter into Hold Harmless and/or Information Sharing Agreements directly with Vendors who will not enter into Umbrella HH+SSAs with CCC.
Interim Good Faith Resolution
As time ran out before the 12/31/2008 deadline, CCC proposed an innovative option: Effective 11/22/2008, Vendors were offered the option to enter into a Good Faith Compliance Resolution with CCC, under which the Vendor, CCC, and affected CCC Client Employers would agree to continue existing Vendor relationships with CCC Client Employer 403(b) Plans beyond 12/31/2008, with the understanding that agreements will be reached and information will be shared that are acceptable to all three parties no later than 6/30/2009. Now that the IRS has postponed the deadline for adoption of a written plan until 12/31/2009, we believe that it is reasonable to give all parties until 12/31/2009 to reach acceptable agreements/arrangements. Click Here to view the list of Vendors who have already signed Good Faith Resolutions and Employers who have signed Good Faith Resolution Preference Forms.
CCC Client Employers must make the ultimate decisions about continuation of relationships with Vendors that do not meet the minimal standard of adopting the CCC Good Faith Compliance Resolution.
If you'd like to adopt this resolution, please download the one-page agreement, sign, and fax back to CCC at 503-968-7802.
Once Connected with CCC Clients
How to Gain Payroll Slots and/or Become Eligible for Exchanges, Transfers In, and Rollover Contributions into 403(b) Plans of CCC Client Employers: Individual Employers declare in their Plan Documents minimum numbers of participants and contribution amounts required to gain a Payroll Slot with that Employer. Since these numbers and other requirements may vary, please use the For Vendors page (see button in the main toolbar above), select an Employer and then review that Employer's requirements for Adding a Vendor in Section 1.3 of its Plan Document.
Vendors who enter into CCC Umbrella Hold Harmless and Information Sharing Agreements (HH+ISAs) are eligible to receive Exchanges within, Plan-to-Plan Transfers into, and Rollover Contributions into Vendor accounts established for ANY participant in ANY CCC full-service client employer's 403(b) Plan.