Financial relief is available for you and your participants | Capital Group


May 8, 2020

Financial relief is available for you and your participants

We are working to help you through this difficult time. To provide a measure of financial relief during the coronavirus pandemic, we are waiving certain fees and allowing for plan invoice payment due date extensions. Specifically, until September 30, 2020:

  • Participants will not have to pay our fee for hardship and coronavirus-related distibutions ($25 for RecordkeeperDirect® and PlanPremier®-TPA; $50 for PlanPremier-Bundled)
  • Participants will not have to pay our $85 new loan origination fee.
  • PlanPremier-Bundled sponsors will not have to pay the $350 fee for requested plan amendments.

Additionally, plan sponsors may receive a 90-day extension on quarterly plan invoices received before September 30, upon request.

More relief is available. Our plan sponsor brochure outlines additional measures for financial relief, available through the Coronavirus Aid, Relief and Economic Security Act (CARES Act) and existing retirement plan law.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. 

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.