Get the latest updates for your company’s retirement plan.
SIMPLE IRA Plus
Prepare for important year-end activities
As the plan year ends, plan sponsors are responsible for preparing and distributing disclosure documents and conducting enrollment for the upcoming plan year.
Learn what’s new for 2025 and get sample disclosure documents.
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 $5,000 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.
Check the status of our recordkeeping support for other key SECURE 2.0 provisions.
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.
Online ACH distributions available soon for participants
Beginning in mid-November, SIMPLE IRA participants will have the option of receiving their distribution proceeds via ACH direct deposit to a checking or savings account. This feature — which requires no paperwork — will help participants request distributions with greater convenience and without the risk of having a check mailed to their address of record.
Introducing Roth employee deferrals
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.
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.
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.
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