To make PlanPremier®-TPA easier and more attractive for startup retirement plans, Capital Group, home of American Funds, has relaxed the proprietary fund requirement. If American Funds Target Date Retirement Series® is selected as a startup plan’s qualified default investment alternative (QDIA), there’s no obligation to have a certain percentage of the plan’s investment lineup consist of American Funds.
In addition, there’s no proprietary fund requirement for plans moving to PlanPremier when our target date series is used in a target date mapping conversion and as a QDIA.
With transparent, fixed-dollar pricing that doesn’t increase as assets grow, hundreds of investment choices and an engaging employee education program, PlanPremier is designed for plans of any size. Learn more about PlanPremier’s advantages.