Get the latest updates for your company’s retirement plan.
PlanPremier®-Bundled
Transform PlanPremier plans with online enrollment
Online enrollment and other key features can help plan sponsors save time and provide the best experience for participants. Watch for an invitation to join an upcoming webinar and learn how to activate online enrollment.
Faster, easier hardship distributions available soon
New options will be available soon, including elimination of collecting backup documentation and allowing participants to self-certify, to help ease administrative efforts for plan sponsors and process hardship distributions faster. Watch for more information coming soon.
Catch-up contributions for high earners
Beginning in 2026, catch-up contributions made by employees with FICA (Federal Insurance Contributions Act) compensation greater than $145,000 (to be adjusted for inflation) in the prior year will be required to be made as Roth contributions, even if regular contributions are pre-tax.
If your plan doesn’t already allow Roth contributions, you’ll need to work with your Retirement Plan Coordinator to add Roth elective deferrals as a contribution type (or remove catch-up contributions if you don’t want to offer Roth contributions).
Watch for additional communication from us about this change and be sure to work with your payroll company to be prepared.
New participant enrollment videos
Give employees an overview of the enrollment process and encourage them to start saving with these short how-to videos. The videos are available in both English and Spanish.
Watch: How to enroll in your workplace retirement plan
Our payroll integration service has been expanded
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 payroll providers available through our network connections and additional providers through Payroll Integrations. In addition to 180 standard integration, we offer 360 payroll integration to further simplify the payroll process for plan sponsors.
Learn more about our payroll integration service and direct vendor connections:
401(k) contribution limits for 2025
The annual employee contribution limit for 401(k) plans increased by $500 to $23,500. Participants aged 50-59 and 64+ can also make a catch-up contribution of $7,500. And participants aged 60 to 63 in 2025 can make a higher catch-up contribution of $11,250.
Simplify small balance distributions
Our automated mandatory distribution service makes handling the small balances that employees leave behind easier.
We’ll identify and notify impacted plan participants and process cash-out distributions as needed. And when participants are eligible for a rollover, we’ll roll their balance to an IRA at Inspira Financial, which now has a reduced annual administrative fee of $20 for new account holders.
Learn more about this time-saving service and how to get started.
Updated sponsorless distributions and loans agreement
For plans using our sponsorless distribution and loan service, we’ve updated the Sponsorless distributions and loans agreement to include new distribution types that are now available, including domestic abuse and qualified disaster recoveries.
This agreement authorizes us to process certain distribution and loan requests received in good order directly from participants. No action is required on your part; however, we recommend you keep a copy with your plan’s records.
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.
Increased 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.
SECURE 2.0 Act plan amendments
We’re committed to supporting key SECURE 2.0 Act provisions and making it easy for your plan to comply with the Internal Revenue Service (IRS) requirements.
For plans that use our document services, we’ll provide a SECURE 2.0 amendment prior to the IRS extended deadline to adopt the amendment. The amendment will be extensive and include all mandatory provisions, plus any optional provisions adopted by the plan. The fee for this amendment will be $1,250 per plan, billed after the amendment is provided in late 2025 to mid-2026.
Express delivery fee change
The express delivery fee for participant distribution and loan checks will increase from $30 to $40 effective September 3, 2024. Express delivery services are offered through FedEx® or USPS Priority Mail® and can be requested by participants through our online distribution request process.
New report for missing participants
A new quarterly report will be automatically sent to help you identify any participants who may have an invalid mailing address.
View Locating missing plan participants to learn how you can help ensure that participants receive required account information, distribution checks and more.
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.
Help participants save more with interactive tools
Inspire participants to save more by setting a personalized retirement goal. Our website makes it easy for participants to track their progress each time they log in ― and potentially make changes to improve their projected retirement outcome.
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