ARTICLE TAKEAWAYS
Starting in August of each year, information is mailed to Capital Bank and Trust (CB&T) SIMPLE IRA plan sponsors to assist them with their employee notification requirement for the upcoming enrollment period. The enrollment period for the following plan year runs from November 2 through December 31 of the current year.
The mailings are sent over several days. This process allows plan sponsors to receive the information in a timely manner and includes plans that were set up before the enrollment period.
The documents included in the mailing do not need to be returned to American Funds.
For SIMPLE IRA plans with CB&T as the Designated Financial Institution (DFI), the mailing includes a:
For SIMPLE IRA plans where CB&T is not the DFI, the mailing includes a:
For SIMPLE IRA Plus plans, the mailing includes a:
For financial professionals only. Not for use with the public.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
The guidelines and procedures provided in the Account Resource Center may not apply to networked accounts or accounts not directly held by American Funds. The guidelines and procedures provided also apply only to those retirement accounts or Coverdell ESAs invested in American Funds with Capital Bank and Trust Company (CB&T) as custodian. The guidelines and procedures provided in the Account Resource Center do not apply to plans held in our retirement plan solutions — PlanPremier, PlanPremier-TPA or RecordkeeperDirect. Information on the Account Resource Center may change periodically, and previously printed information may not be current. Please refer to capitalgroup.com for the most current information available.
Financial professionals should always contact their back office to determine if there are any restrictions on the use of American Funds products, tools, services, websites and literature.