Get the latest updates for our retirement plan solutions.
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RecordkeeperDirect®
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.
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 their plan, plan sponsors 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.
Electronic loan service now available for new plans
Beginning in November, we’ll offer an electronic loan service for new RecordkeeperDirect retirement plans (startup and conversion plans). This optional service can be selected when you initiate a plan via Plan manager or the traditional implementation paperwork.
This service will also be available to existing RecordkeeperDirect plans beginning in early- to mid-2025. We’ll notify these plan sponsors in early 2025 to provide more information, including how they can enable the electronic loan service for their plan.
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.
Plan sponsors can use the following resources to help them meet these year-end retirement plan obligations.
• RecordkeeperDirect Plan disclosure checklist
• PlanPremier-TPA Plan disclosure checklist
• PlanPremier-Bundled Plan disclosure checklistIncreased 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).
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.
Make onboarding easy with Plan manager
Plan manager makes it easy to get RecordkeeperDirect clients up and running with a streamlined digital experience. Let our online tool guide you through the onboarding process — and leave the paper forms behind.
Simplify payroll with our expanded provider network
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 additional payroll providers now available through Payroll Integrations. Additionally, we now offer 360 payroll integration to further simplify the payroll process for plan sponsors.
Refer to our RecordkeeperDirect Payroll Provider Network Guide to learn more about our payroll integration service and direct vendor connections.
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PlanPremier®-TPA
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.
Plan sponsors can use the following resources to help them meet these year-end retirement plan obligations.
• RecordkeeperDirect Plan disclosure checklist
• PlanPremier-TPA Plan disclosure checklist
• PlanPremier-Bundled Plan disclosure checklistIncreased 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).
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 PartnerLink. Then go to Plan and select Plan documents.
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Fiduciary services from Mesirow
For clients who want to hire an independent fiduciary service provider, we can now facilitate billing for Mesirow’s services and provide access to ongoing Mesirow fiduciary service reporting via our plan sponsor website.
Fiduciary service providers are unaffiliated with Capital Group and are solely responsible for the services they provide. We don’t receive compensation in connection with any fiduciary provider’s services, nor do we endorse or recommend specific fiduciary service providers.
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.
In-plan Roth conversion requests for RecordkeeperDirect
Participants can now use our In-Plan Roth Conversion Request to convert pre-tax assets in their accounts to Roth assets.
To take advantage of this option, plan sponsors may need to update the money types on file for their plan. If necessary, they should complete the Plan Maintenance Request to add in-plan Roth conversion money types. Plans have the ability to allow in-plan Roth rollovers (for participants who have met a distributable event) and/or in-plan Roth transfers (for participants who haven’t yet met a distributable event).
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.
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
Fiduciary services from Mesirow
For clients who want to hire an independent fiduciary service provider, we can now facilitate billing for Mesirow’s services and provide access to ongoing Mesirow fiduciary service reporting via our plan sponsor website.
Fiduciary service providers are unaffiliated with Capital Group and are solely responsible for the services they provide. We don’t receive compensation in connection with any fiduciary provider’s services, nor do we endorse or recommend specific fiduciary service providers.
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.
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