Capital Group Expands Engagement Tool to Small Businesses
ICanRetire, Capital Group’s employee engagement program, will now be available for financial advisors to offer to small business owners alongside its 401(k) plan solutions, PlanPremier and RecordkeeperDirect.
Advisors can now offer Capital Group’s ICanRetire program to small business owners alongside PlanPremier, a 401(k)-plan solution with bundled plan administration or the option to collaborate with a third-party administrator, and access to American Funds and other investment managers; or RecordkeeperDirect, a 401(k)-plan solution designed for start-ups and smaller businesses with the flexibility to select a third-party administrator.
“Retirement planning is a huge market opportunity, and we want to be able to partner with financial advisors to make that achievable within their practices,” said Dana McCollum, president of Retirement Plan Services at Capital Group. “Simplifying the process is key — both advisors and participants want an easy button. By seamlessly integrating ICanRetire with Capital Group’s small business retirement plan solutions, advisors gain a powerful tool to attract new business and help accelerate plan growth through increased participation and deferral rates. They’re also helping the individual small business employee who may not have previously had access to a retirement plan, or who may not have been contributing enough.”
The ICanRetire program is already available to employers that have American Funds Target Date Retirement Series in their investment lineup (in 401(k) or 403(b) plans).
The ICanRetire web experience is available to Capital Group’s PlanPremier and RecordkeeperDirect clients.