Introduction
American Funds
www.americanfunds.comAssets ($MM) by Plan Type | ||||
---|---|---|---|---|
Ranked #21 | $70,473 | |||
401(k) | $67,950 | |||
403(b) | $1,399 | |||
457 | $0 | |||
NQDC | $21 | |||
All Other | $1,103 |
Participants by Plan Size | ||||
---|---|---|---|---|
Ranked #24 | 1,162,754 | |||
<$10MM | 943,266 | |||
$10MM – $50MM | 142,276 | |||
>$50MM – $200MM | 33,559 | |||
>$200MM – $1BMM | 10,981 | |||
>$1B | 32,672 |
Service Offerings | |
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New client restrictions | No company stock; no 457, Davis-Bacon, ESOP/KSOP/Stock Bonus, governmental 414(h), SIMPLE 401k, or Taft-Hartley plans |
Multiple service models | Yes |
Offers corporate trustee services | Yes |
Internal ERISA counsel | 1 |
Will act as §3(16) fiduciary | No |
Participant Services | |
---|---|
Call center hours | Weekdays: 8 a.m. - 7 p.m. ET |
Online chat support | No |
Mobile app | No |
Managed account options | None |
Retirement Income | |
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Displays retirement income estimate on statements | Yes |
Offers in-plan guaranteed retirement income products | No |
Offers out-of-plan annuity bidding service | No |
Recordkeeping Platform DST Systems TRAC; Empower Institutional |
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