Retirement Plan Updates

Get the latest updates for your company’s retirement plan.

RecordkeeperDirect®

New participant enrollment videos

Give employees an overview of the enrollment process and encourage them to start saving with these short how-to videos. The videos are available in both English and Spanish.

Watch: How to enroll in your workplace retirement plan

• RecordkeeperDirect (English)
• RecordkeeperDirect (Spanish)

Our payroll integration service has been expanded

We make it easy to connect with a broad range of payroll providers to help plan sponsors simplify contributions and protect sensitive information. Check out the payroll providers available through our network connections and additional providers through Payroll Integrations. In addition to 180 standard integration, we offer 360 payroll integration to further simplify the payroll process for plan sponsors.

Learn more about our payroll integration service and direct vendor connections:

• RecordkeeperDirect Payroll Provider Network Guide

401(k) contribution limits for 2025

The annual employee contribution limit for 401(k) plans increased by $500 to $23,500. Participants aged 50-59 and 64+ can also make a catch-up contribution of $7,500. And participants aged 60 to 63 in 2025 can make a higher catch-up contribution of $11,250.

Help participants stay on track

Encourage participants to take charge of their financial future with our retirement goals calculator. Participants can generate a personalized retirement goal, and our website and mobile app will show their progress each time they log in. Then, participants can make modifications to improve their projected retirement outcome or adjust their goal.

SEE HOW

You can now verify lost participants online

To help protect plan participants, we now place a stop-mail indicator on their account if we receive returned mail.

When we place a stop-mail indicator on an account, we’ll notify the plan sponsor and/or third-party administrator by email. They can verify or update the participant’s address online.

New force-out distribution and automatic IRA rollover request form

A new form simplifies the process of requesting force-out cash distributions and/or automatic IRA rollovers for terminated participants in RecordkeeperDirect plans.

We recommend reviewing your plan document and consulting your third-party administrator prior to submitting this request to ensure the vesting information you provide is correct.

GET NEW FORM

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.

CHECK STATUS

Take advantage of online enrollment

Are you and your employees still relying on paper forms to enroll or update contribution rates and beneficiaries? These activities can be streamlined through the participant website and app, potentially saving you time and reducing administrative issues. To enable online enrollment for your plan, submit the completed Online Enrollment Authorization form and Participant Data Supplement file.

Review the RecordkeeperDirect Online Enrollment Summary guide to learn more.

HOW IT WORKS

Take advantage of our expanded e-distribution offering

Our electronic withdrawal process makes it easy to request and approve withdrawals online. Additionally, we now support emergency expense distributions, as provided under the SECURE 2.0 Act.

To add this distribution type to your plan, you can submit the Plan Maintenance Request form. Once this option is enabled, participants can request this new distribution type via the participant website and app.

SEE THE BENEFITS

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 Plan disclosure checklist to help you meet these year-end retirement plan obligations.

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.

MORE SECURE 2.0

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, you can submit the Plan Maintenance Request form. Also, be sure to work with your payroll provider to enable Roth contributions.

Help boost plan participation with auto enrollment

Most new retirement plans established on or after December 29, 2022, are required to automatically enroll employees and automatically escalate their contributions.* We’ve made it easy to offer these plan features and help more employees get started on their journey to retirement.

To learn more about auto enrollment and the services that we offer, check out the RecordkeeperDirect automatic enrollment overview.

Plan sponsors can enable these services by submitting the Auto Enrollment Services Election form and the Participant Data Supplement file.

* Exemptions apply for small businesses with 10 or fewer employees, church and governmental plans, and companies that have been in existence for less than three years.

HOW IT WORKS

Annual reallocation of plan-level expense accounts discontinued

The IRS recently provided guidance clarifying the timing of when plan forfeitures must be used in qualified retirement plans. Given the additional time provided by the new guidance, we’ll no longer automatically reallocate funds in plan-level expense accounts to participant accounts on an annual basis.

Plan sponsors can still issue payments from the plan-expense account for plan expenses by submitting the Fee payment authorization form. To reallocate funds to participant accounts, please send instruction to RKDirect@capitalgroup.com.

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.

LEARN MORE

How to make plan notices easy

Help save time and money by streamlining the process for plan notices.

We can mail any plan notice that plan sponsors create and upload for $2.00 per mailed notice.

LEARN MORE

New help center for participants

Our new help center is designed to enable participants to find answers to common questions and better manage their retirement accounts. Topics include how to update contribution rates, managing investment portfolios, requesting distributions and more.

CHECK IT OUT

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

Plan sponsor/PartnerLink — PlanPremier-Bundled

capitalgroup.com/sponsor/planpremier

Plan sponsor/PartnerLink — PlanPremier TPA

capitalgroup.com/sponsor/planpremiertpa

SIMPLE IRA Plus

Participant

capitalgroup.com/participant/simpleiraplus

Plan sponsor

capitalgroup.com/sponsor/simpleiraplus

For help with your retirement plan, contact your financial professional or call us at:

call (800) 421-6019

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Use of this website is intended for U.S. residents only.

Capital Client Group, Inc.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

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