American Funds PremierPassport®
Welcome
Here you’ll find guidance for participating in your retirement plan’s American Funds PremierPassport conversion from RecordKeeperDirect® to the PlanPremier®-TPA platform, including details about your role’s activities and access to resources for learning about the new platform.
PlanPremier-TPA is a technologically robust platform that offers additional recordkeeping services, more investment choices, and personalized tools and resources – learn more.
About the streamlined conversion
American Funds PremierPassport streamlined conversion is a process that:
- Converts a plan based on its existing data (though it’s possible to add funds).
- Involves minimal paperwork and administrative tasks.
- Occurs over a single weekend (after data preparation) with no blackout period.
See a step-by-step view of the conversion process and each role’s responsibilities:
Who does what
A dedicated Funds implementation coordinator provides guidance and support throughout the conversion.
Plan sponsor
The sponsor’s key tasks are to validate the plan installation kit and to verify participant data, as well as communicate with participants about the conversion.
Financial professional
Having worked with Capital Group to initiate the conversion for the sponsor, the financial professional supports the sponsor during the transition – including joining the introductory call and, if applicable, helping with adding funds to the plan.
Authorized third-party administrator (TPA)
Aside from setting up specifications in the TPA plan provision summary, the authorized TPA provides support as needed, such as participating in the introductory call.