Plan sponsors implementing new SIMPLE IRA Plus plans can now choose to offer Roth after-tax employee deferrals. Existing plans will be notified this fall how they can amend their adoption agreement effective January 1, 2025, to take advantage of the Roth employee deferral option.
Capital Group is the first major provider to offer Roth employee deferrals for SIMPLE IRA Plus, enabling plan sponsors to offer participants a new way to save for retirement.
If you have questions about Roth contributions and whether they may be appropriate for your plan, please contact your plan’s financial professional for assistance.
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.
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.
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.
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
SIMPLE IRA Plus
Participant
capitalgroup.com/participant/simpleiraplus
capitalgroup.com/participant/simpleiraplus
Plan sponsor
capitalgroup.com/sponsor/simpleiraplus
capitalgroup.com/sponsor/simpleiraplus