New enhancements intended to help 401(k) specialists win business in the small- and mid-sized retirement plan market were unveiled today by Capital Group, including advisor-focused tools designed to elevate service and improve participant outcomes.
“Capital Group is committed to helping Americans retire with confidence. That’s at the core of why we build solutions that make retirement plans easier to implement, manage and grow—including solutions specifically for small businesses,” said Ross McDonald, Capital Group’s Retirement Plan National Sales Director. “Recent enhancements to our recordkeeping platform underscore our commitment to being the partner of choice for our advisor clients and ultimately delivering better outcomes for participants in retirement plans.”
A leading provider of retirement plans for small businesses, Capital Group recordkeeping platforms are utilized by nearly 10% of small- and mid-sized plans in the U.S. Recent enhancements to RecordkeeperDirect, the firm’s low cost, easy to manage recordkeeping platform aimed at smaller businesses and startups, include:
- Fund flexibility: RecordkeeperDirect now offers “fund flexibility,” including investments from other fund families along with a diverse range of American Funds and the target date retirement series, ensuring plan sponsors can identify an optimal fit for their needs at a competitive price.
- Digital evolution: New digital capabilities include electronic loan management and a digital onboarding portal designed to streamline set up and administration for plan sponsors. Capital Group’s digital participant engagement platform ICanRetire is also available through RecordkeeperDirect to support retirement readiness through personalized savings tools and education.
- RecordkeeperDirect Integrated: The new streamlined retirement plan solution, initially developed to meet the needs of one large Capital Group client with 20,000+ financial advisors and their plan sponsor clients, is being expanded to additional clients offering easy onboarding and enrollment, a range of investment options, simplified plan administration and participant education features. The solution helps advisors sell and onboard more retirement plans while offering a streamlined experience for plan sponsors.
As of March 31, 2025, Capital Group, home of American Funds, manages approximately $2.8 trillion in equity and fixed income assets for millions of individuals and institutional investors around the world.
SEE ALSO:
• Capital Group Expands Engagement Tool to Small Businesses
• Nationwide Unveils RetireAssist for Small Businesses