Capital Bank and Trust (CB&T) no longer offers new 403(b) Basic plans, but new participants can still be added to existing 403(b) Basic plans. However, two 403(b) plan options are offered through American Funds.
The two options for new plans offered through American Funds are as follows:
Refer to Find the right retirement plan for your client for details.
Use this form to enroll a participant into an existing 403(b) plan.
Complete the New Participant Enrollment for 403(b) Basic Individual form.
Use this form to enroll a participant into an employer-sponsored 403(b) plan.
Complete the New Participant Enrollment for 403(b) Basic Employer form.
For eligibility, funding guidelines and other information about adding a participant to a 403(b) Basic plan, refer to Opening 403(b) Basic accounts.
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Use of this website is intended for U.S. residents only.
The guidelines and procedures provided in the Account Resource Center may not apply to networked accounts or accounts not directly held by American Funds. The guidelines and procedures provided also apply only to those retirement accounts or Coverdell ESAs invested in American Funds with Capital Bank and Trust Company (CB&T) as custodian. The guidelines and procedures provided in the Account Resource Center do not apply to plans held in our retirement plan solutions — PlanPremier, PlanPremier-TPA or RecordkeeperDirect. Information on the Account Resource Center may change periodically, and previously printed information may not be current. Please refer to capitalgroup.com for the most current information available.
Financial professionals should always contact their back office to determine if there are any restrictions on the use of American Funds products, tools, services, websites and literature.