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In observance of the Good Friday federal holiday, the New York Stock Exchange and Capital Group’s U.S. offices will be closed on March 29, 2024.

Fiduciary services for RecordkeeperDirect plan sponsors

American Funds facilitates independent, third-party fiduciary service to plan sponsors.

If retirement plan sponsors want help meeting their fiduciary obligations in selecting and monitoring investments, they can use their choice of any fiduciary services provider. In addition to others, American Funds facilitates access to ERISA 3(21) or 3(38) services from an independent third-party advisory firm, Wilshire Advisors, LLC (“Wilshire®”). This fiduciary program involves an agreement between the plan sponsor and Wilshire.

Review the information below to learn more about Wilshire fiduciary services. Then download the documents at the bottom of the page to help you get started.

How Wilshire may serve as a co-fiduciary with plan sponsors:

“Help me do it”

“Do it for me”

ERISA 3(21)

Wilshire screens, monitors and recommends changes as a co-fiduciary, while the plan sponsor selects investments.

ERISA 3(38)

Wilshire screens, selects and monitors funds and makes changes as a co-fiduciary.

WILSHIRE’S ROLE

 

ERISA 3(21) Non-Discretionary Investment Advisor

 

ERISA 3(38) Discretionary Investment Manager

 

INVESTMENT OPTIONS

 

Plan sponsor uses Fund Menu*
 — or —
Plan sponsor uses Select List to create portfolio*

 

Wilshire implements Fund Menu*

 

RISK MANAGEMENT BENEFITS FOR SPONSORS

 

Independent, unbiased knowledge that complements your existing
advisor relationship


Investment Policy Statement; ongoing periodic reports; documentation
of roles, responsibilities and fund monitoring

Wilshire

SERVICE AGREEMENTS

 

3(21) Service Agreement (PDF)

(including fee schedule)

 

3(38) Service Agreement (PDF)

(including fee schedule)

 

INVESTMENT POLICY STATEMENTS

 

3(21) Investment Policy Statement template (RTF)

 

3(38) Investment Policy Statement template (RTF)

 

MORE ABOUT WILSHIRE

 

Wilshire’s Fiduciary Services (Brochure)
 

Wilshire Form ADV (Brochure)

*Contact your financial professional for more information about Fund Menus and Select Lists.

Additional resources

Once you’ve chosen your program, use the checklist to help you gather all the necessary paperwork. If you will be using Wilshire’s mapping service, download the spreadsheet provided below.

Please note that if you choose the 3(21) Fund Menu program, mapping service is optional for $100. Mapping service is not available for the 3(21) Select List program. If you choose the 3(38) program, you may use the mapping service at no additional fee.

RecordkeeperDirect Checklist (PDF)

Mapping Spreadsheet (Excel)

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.

Use of this website is intended for U.S. residents only.

American Funds Distributors, Inc.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.