^* In addition to the recordkeeping fees shown and depending on the share class selected, the recordkeeper receives subtransfer agency payments from the investment options held by the plan: 0.35% for R-2, 0.15% for R-3, 0.10% for R-4, 0.15% for R-5E and none for R-6. This amount includes any investment option payments to the TPA shown in the compensation table. There is a one-time RecordkeeperDirect plan installation fee of $500 for startup plans; waived for R-2 only if plan assets reach $100,000 as of the last day of the plan’s first recordkeeping quarter. No charge for takeover plans. The $20 per-participant fee will be deducted from participant accounts.
^† Average expense ratios shown are provided only as examples. The actual average expense ratio depends on the investments selected for the plan and participant allocations. Expense ratios reflect applicable fee waivers and expense reimbursements, without which expenses would be higher.
^‡ The average expense ratio shown for each RecordkeeperDirect share class is for all funded investments and is weighted, based on average daily net assets in the program as of 12/31/2022. Accordingly, more weight is given to funds with more assets. Actual expense ratios, as reported in each fund′s prospectus available at the time of publication, range from 1.19% to 1.86% for R-2; 0.85% to 1.41% for R-3; 0.55% to 1.11% for R-4; 0.34% to 0.82% for R-5E; and 0.20% to 0.77% for R-6.
^§ Source: Escalent, Cogent Syndicated, Retirement Plan Advisor Trends™, September 2022. Methodology: 538 respondents participated in a web survey conducted August 19 to August 30, 2022. The respondents consisted of financial advisors managing defined contribution (DC) plans. For “Ownership” of Core Brand Attributes  — Tier 1, among 385 “established” DC advisors (with at least $10 million in DC plan assets under management), American Funds was selected most often in response to the question, “Which — if any  — of these DC plan providers are described by this statement . . . `Best-in-class plan advisor service and support′?“ American Funds was also selected most often for “Best-in-class plan sponsor service and support” (Core Brand Attributes — Tier 2). American Funds was also selected most often in response to the question, “Which investment manager do you recommend most often for target date funds?” by the total of all respondents, and every separate channel except registered investment advisors, who use target date funds. Capital Group has provided input on some of the questions to be included in Cogent surveys over time.