* In addition to the recordkeeping fees shown and depending on the share class selected, the recordkeeper receives subtransfer agency payments from the investment options held by the plan: 0.35% for R-2, 0.15% for R-3, 0.10% for R-4, 0.15% for R-5E and none for R-6. This amount includes any investment option payments to the TPA shown in the compensation table. There is a one-time RecordkeeperDirect plan installation fee of $500 for startup plans; waived for R-2 only if plan assets reach $100,000 as of the last day of the plan’s first recordkeeping quarter. No charge for takeover plans. The $20 per-participant fee will be deducted from participant accounts.
† Average expense ratios shown are provided only as examples. The actual average expense ratio depends on the investments selected for the plan and participant allocations. Expense ratios reflect applicable fee waivers and expense reimbursements, without which expenses would be higher.
‡ The average expense ratio shown for each RecordkeeperDirect share class is for all funded investments and is weighted, based on average daily net assets in the program as of 12/31/2022. Accordingly, more weight is given to funds with more assets. Actual expense ratios, as reported in each fund’s prospectus available at the time of publication, range from 1.19% to 1.86% for R-2; 0.85% to 1.41% for R-3; 0.55% to 1.11% for R-4; 0.34% to 0.82% for R-5E; and 0.20% to 0.77% for R-6.
** Source: Escalent, Cogent Syndicated, Retirement Plan Advisor TrendsTM, September 2022. Methodology: 538 respondents participated in a web survey conducted August 19-30, 2022. American Funds was selected most often by advisors (excluding registered investment advisors) in response to the question “Which investment manager do you recommend most often for target date funds?“ Capital Group has provided input on some of the questions to be included in Cogent surveys over time.
§ Wilshire’s recommendations are subject to any generally applicable limitation on the investment options available, including limitations imposed by the plan’s recordkeeper or financial professional. Plans that elect target-date mapping at plan conversion may only choose coverage under the 3(21) Select List. Wilshire® is a registered service mark of Wilshire Associates Incorporated, Santa Monica, California. All other trade names, trademarks and/or service marks are the property of their respective holders. Wilshire is not an affiliate of any member company of Capital Group. Wilshire is solely responsible for the program material and its investment recommendations. The complete terms and limitations of Wilshire’s 3(21) Investment Adviser and 3(38) Investment Manager programs may be found in the applicable agreement between the plan sponsor and Wilshire.