Get the latest updates for your company’s retirement plan.
PlanPremier®-Bundled
Make it easier to manage your retirement plan
From online enrollment to automatic email notifications, check out these key plan features that can help plan sponsors save time and improve the participant experience.
Prepare for important year-end deadlines
As the plan year ends, there are several deadlines and potential action items that plan sponsors should be aware of. These include year-end notices and disclosures, mandatory distributions, required minimum distribution reminders, and more.
Refer to the following resources to help you meet these year-end retirement plan obligations.
• PlanPremier-TPA Plan disclosure checklist
• PlanPremier-Bundled Plan disclosure checklist
Increased catch-up contribution limit
Effective January 1, 2025, a provision of the SECURE 2.0 Act of 2022 will increase the annual catch-up contribution limit for participants aged 60 to 63.
The increased limit will be the greater of $10,000 or 150% more than the regular catch-up limit in 2025 and indexed for inflation in following years. For plans that offer catch-up contributions, no action is needed for employees to take advantage of the increased limit. However, plan sponsors may need to work with their payroll providers to make sure they account for the new catch-up limit.
Check the status of our recordkeeping support for other key SECURE 2.0 provisions.
Roth catch-up contributions may require plan update
If your plan offers age 50 catch-up contributions, but you don’t offer Roth contributions, we encourage you to add the option now. (You may also remove catch-up contributions if you don’t want to offer Roth contributions.)
The SECURE 2.0 Act requires catch-up contributions for higher earners to be Roth after-tax contributions, even if regular contributions are pretax. Participants with compensation below $145,000 (to be adjusted for inflation) are exempt and can elect pretax or Roth catch-up contributions (if available).
To add Roth contributions to your plan, contact your retirement plan coordinator. Also, be sure to work with your payroll provider to enable Roth contributions.
SECURE 2.0 Act plan amendments
We’re committed to supporting key SECURE 2.0 Act provisions and making it easy for your plan to comply with the Internal Revenue Service (IRS) requirements.
For plans that use our document services, we’ll provide a SECURE 2.0 amendment prior to the IRS extended deadline to adopt the amendment. The amendment will be extensive and include all mandatory provisions, plus any optional provisions adopted by the plan. The fee for this amendment will be $1,250 per plan, billed after the amendment is provided in late 2025 to mid-2026.
Get the latest SECURE 2.0 Act provisions updates
The SECURE 2.0 Act marked a significant step toward enabling more small business owners and employees to pursue retirement stability. Get the latest updates on our recordkeeping support to help you take advantage of key SECURE 2.0 provisions.
Learn about loan policy updates
For plans that allow loans, the loan policy has been updated to offer more flexibility and better accommodate parameter variation.
Previously, information about loan fees was listed in the loan policy. Participants can find this information in the loan application, and plan sponsors should refer to the disclosure documents in the Plan Service Center.
To view the new loan policy, go to the Plan Service Center. Then go to Plan and select Plan documents.
Express delivery fee change
The express delivery fee for participant distribution and loan checks will increase from $30 to $40 effective September 3, 2024. Express delivery services are offered through FedEx® or USPS Priority Mail® and can be requested by participants through our online distribution request process.
New report for missing participants
A new quarterly report will be automatically sent to help you identify any participants who may have an invalid mailing address.
View Locating missing plan participants to learn how you can help ensure that participants receive required account information, distribution checks and more.
E-delivery changes for PlanPremier
We’re enhancing our electronic delivery services of required participant statements and other important plan notices. Currently, new participants who provide a work and/or personal email address receive an initial paper notification by mail that includes information about e-delivery, including how to opt for paper delivery.
Beginning in September, statements, confirmations and plan disclosure documents for new participants with a work email provided by the plan sponsor will be delivered to the work email while the participant is active in accordance with the “wired at work” method permitted by the Department of Labor (DOL).* As a result of this change, new participants will no longer need to receive an initial paper notification by mail which may enable documents to be delivered more quickly.
Note: This enhancement does not impact current participants nor participants who only provide a personal email address. Participants who have already opted for paper delivery will continue to receive documents by mail. Additionally, no changes will be applied to 403(b) plans or plans set up with paper delivery.
Optional automated notice delivery
If a plan uses our optional automated plan notice delivery service, please note that these services will include the same changes.
* To ensure delivery via the “wired at work” method satisfies DOL rules, the work email addresses provided should:
• Provide employees with the ability to access the email and links at any location where they are reasonably expected to perform their duties as an employee, and
• Be used as an integral part of their employee duties.
Help participants save more with interactive tools
Inspire participants to save more by setting a personalized retirement goal. Our website makes it easy for participants to track their progress each time they log in ― and potentially make changes to improve their projected retirement outcome.
How to make plan notices easy
Help save time and money by streamlining the process for plan notices.
We can automatically create a range of plan notices and deliver them via email, potentially reducing plan costs, or by mail for $2.50 per mailed notice. We can also mail any plan notice that plan sponsors create and upload for $2.00 per mailed notice.
Our website addresses have changed
We’ve updated our retirement plan website addresses as shown below. In doing so, we hope to make it easier to do business with us, and more clearly communicate who we are and the products and services we offer. Please be sure to update your bookmarks.
Website
New address
RecordkeeperDirect
Participant
capitalgroup.com/participant/rkd
Plan sponsor
capitalgroup.com/sponsor/rkd
Third-party administrator
capitalgroup.com/tpa/rkd
PlanPremier
Participant
capitalgroup.com/participant/planpremier
capitalgroup.com/participant/planpremier
Plan sponsor/PartnerLink — PlanPremier-Bundled
capitalgroup.com/sponsor/planpremier
capitalgroup.com/sponsor/planpremier
Plan sponsor/PartnerLink — PlanPremier TPA
capitalgroup.com/sponsor/planpremiertpa
capitalgroup.com/sponsor/planpremiertpa
SIMPLE IRA Plus
Participant
capitalgroup.com/participant/simpleiraplus
capitalgroup.com/participant/simpleiraplus
Plan sponsor
capitalgroup.com/sponsor/simpleiraplus
capitalgroup.com/sponsor/simpleiraplus