Fee change notice for RecordkeeperDirect sponsors | Capital Group

News & Announcements

June 12, 2019

We’ll notify RecordkeeperDirect sponsors if their recordkeeping fees change

RecordkeeperDirect® recordkeeping fees for every share class except R-6 shares are determined by the amount of plan assets (see table below) and, therefore, may change as plan assets change. For the purpose of calculating recordkeeping fees, plan assets are assessed at the end of each plan’s first billing period and annually thereafter.

As of March 31, 2019, if a plan’s recordkeeping fees change, we’ll mail the plan sponsor a pricing adjustment notification letter (view sample). The letter will encourage the sponsor to check whether their Participant Fee Disclosure document needs updating.

This letter will also be sent after each plan’s first billing period and if recordkeeping fees change because a plan changed its share class. A letter will not be mailed if plan assets are assessed and recordkeeping fees remain the same, or if a plan terminates or moves to another provider.

If you have any questions about this notification process, please call us at (800) 421-6019.


1 There is a one-time annual RecordkeeperDirect plan installation fee of $500 for startup plans; waived for R-2 only if plan assets reach $100,000 or more as of the plan’s first billing date. No charge for takeover plans. The $20 per-participant fees will be deducted from participant accounts.

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.

American Funds Distributors, Inc., member FINRA.