RecordkeeperDirect is a high-quality program that:
GOLD MEDAL WINNER
GOLD MEDAL WINNER
Our strategic approach to plan pricing is designed to be low-cost and to provide better overall value.
A closer look at RecordkeeperDirect’s pricing
Step 1: Determine the annual recordkeeping fees based on plan assets and share class.
Step 2: Choose a share class to determine if the level of compensation meets the plan’s service requirements.
Start with the target date fund provider recommended most often by financial professionals.** Then distinguish yourself by offering a comprehensive selection of the American Funds.
American Funds Target Date Retirement Series®
From the target date fund provider recommended most often by financial professionals**
The American Funds mutual fund family
Offers a wide range of more than 40 funds.
Learn more about our target date series and individual mutual funds:
The American Funds Target Date Retirement Series and other highly regarded American Funds are also available on many other DC platforms‡‡.
†† Not all of the American Funds are available in our retirement plan solutions.
Price-It Tool
Get estimated costs for retirement plans.
Retirement Plan Cost Comparison Tool
Compare fees and expenses from plan providers.
Target Date ProView
Evaluate target date retirement funds.
Financial professional compensation
Look up compensation on different share classes.
Share class pricing and details
Get information on a wide choice of share and unit classes.
Identify the retirement plan solution that meets your clients’ needs
Find the right plan for a plan sponsor.
Expand your practice with retirement plans
Strategies to find good leads and new clients.
We strive to provide superior plan services and support — which can help make your job easier and your practice more effective.
Get personalized sales support to build your retirement plan business
Rely on ongoing service to help retain satisfied clients
Help improve participant outcomes with enrollment and education support
For help selecting and monitoring investments, sponsors can use a fiduciary services provider of their choice; in addition to others, we facilitate access to services from Wilshire Associates Incorporated (Wilshire®)§.
* 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 TrendsTM, September 2022. Methodology: 538 respondents participated in a web survey conducted August 19-30, 2022. American Funds was selected most often by advisors (excluding registered investment advisors) in response to the question “Which investment manager do you recommend most often for target date funds?“ Capital Group has provided input on some of the questions to be included in Cogent surveys over time.
§ Wilshire’s recommendations are subject to any generally applicable limitation on the investment options available, including limitations imposed by the plan’s recordkeeper or financial professional. Plans that elect target-date mapping at plan conversion may only choose coverage under the 3(21) Select List. Wilshire® is a registered service mark of Wilshire Associates Incorporated, Santa Monica, California. All other trade names, trademarks and/or service marks are the property of their respective holders. Wilshire is not an affiliate of any member company of Capital Group. Wilshire is solely responsible for the program material and its investment recommendations. The complete terms and limitations of Wilshire’s 3(21) Investment Adviser and 3(38) Investment Manager programs may be found in the applicable agreement between the plan sponsor and Wilshire.