The state of state-sponsored retirement plans

* Source: 2022 Financial Advisor IQ Service Awards. Methodology: Votes of 742 advisors were collected through an online poll conducted April to June, 2022. American Funds was awarded the Gold Medal for Best Overall Recordkeeper, large managers.

Escalent, Cogent Syndicated, Retirement Plan Advisor TrendsTM, September 2022. Methodology: 538 respondents participated in a web survey conducted August 19-30, 2022. The respondents consisted of financial advisors managing defined contribution (DC) plans. For “Ownership” of Core Brand Attributes, among 385 “established” DC advisors (with at least $10 million in DC plan assets under management), American Funds was selected most often in response to the question, “Which — if any — of these DC plan providers are described by this statement … ‘Best-in-class plan advisor service and support’ (Tier 1) and ‘Best-in-class plan sponsor service and support’ and ‘Best-in-class participant service and support’ (Tier 2)?”. American Funds was also selected most often for “Easy for advisors to do business with” (Core Brand Attributes — Tier 1) and “Is a company I trust” (Tier 2). Capital Group has provided input on some questions to be included in Cogent surveys over time.

Source: Morningstar, “The Thrilling 31,” by Russel Kinnel, October 2022. Morningstar’s screening took into consideration expense ratios, manager ownership, returns over manager’s tenure, and Morningstar Risk, Analyst and Parent ratings. The universe was limited to share classes accessible to individual investors with a minimum investment no greater than $50,000, and did not include funds of funds. Class A shares were evaluated for American Funds. American Funds Target Date Retirement Series® invests in Class R-6 shares of the underlying American Funds. Not all seven American Funds strategies are in each target date fund. Underlying funds may change over time.

§ Source: Refinitiv Lipper Fund Awards. © 2023 Refinitiv. All rights reserved. The 2023 Refinitiv Lipper Fund Awards were awarded on March 23, 2023, and were based on Class R-6 and F-3 shares for the three-, five- or 10-year periods ended November 2022. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, visit Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

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