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American Funds Recordkeeper Direct is a retirement plan solution designed especially for small-business 401(k), profit-sharing and money purchase retirement plans. The program is available to plans with existing assets up to 400 participants and to start-up plans with up to 400 eligible employees. Through Recordkeeper Direct, plans receive recordkeeping services directly from American Funds. Pension Specialists provides all the administration and compliance services.
American Funds recordkeeping services include: daily pricing and exchanges, up to 12 American Funds options, contributions split by fund and money type, monthly employer report package and quarterly participant statements, toll-free voice response and Internet access for account inquiry and transaction processing, loan processing, plan sponsor website for online processing and access to plan information and reports, tracking of employee vesting, distribution processing, and 1099-R reporting.
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