Recordkeepers
NAPAFIRMPARTNERS
Houston, TX • corebridgefinancial.com
Los Angeles, CA • capitalgroup.com
Capital Group,
Corebridge Financial
Key Contact(s)
Key Contact(s)
For support call: 800.421.9900
Robert Haverstrom 713.831.5497 • robert.haverstrom@corebridgefinancial.com
Firm Profile
Firm Profile
Since 1931, Capital Group, home of American Funds, has been focused on delivering superior, consistent results for long-term investors. We’ve earned retirement plan’s trust over generations by managing our funds the same way most people invest for retirement - with a long-term perspective and careful attention to risk. Capital Group offers retirement plan recordkeeping through PlanPremier and RecordkeeperDirect recordkeeping solutions and can support a bundled and unbundled arrangement.
Formerly known as AIG Life & Retirement, Corebridge is now a public company that’s passionate about giving people the power to help reach their financial goals. We offer industry-leading tools, engaging experiences and expertise to fuel success. And we proudly partner with financial professionals and institutions to make it possible for more people to take action in their financial lives for today and tomorrow.
Primary Market(s) Served
Mid: $10-$100 million, Large: $100-$250 million, Mega: >$250 million
home of American Funds
Micro: <$1 million, Small: $1-$10 million, Mid: $10-$100 million
Plans / Participants Served by Type* 401(k): 65,235 / 1,379,542 403(b): 1,298 / 61,410 457: 0 / 0 Cash Balance: 0 / 0 Defined Benefit (Traditional): 0 / 0 Money Purchase: 59 / 1,561 NQDC: 4 / 48 Other: 629 / 13,199
Total Assets Administered $99,300,000,000
Plans by Channel
Direct: 0 / Advisor: 67,225
Platform(s) Used SS&C TRAC (RecordkeeperDirect); Empower (PlanPremier)
Asset Allocation Funds American Funds Target Date Retirement Series, American Funds Portfolio Series, American Funds Retirement Income Portfolio Series, American Funds Balanced Fund, American Funds Global Balanced Fund, plus additional options from other investment managers
Advisor Support Services
External Wholesalers Focused on Advisors: 149 External Wholesalers Focused on Institutional: 149 Internal Wholesalers Focused on Advisors: 124 Internal Wholesalers Focused on Institutional: 124 Compliance Support, Plan Benchmarking, Target-Date Evaluation Tools, Training for DC Plan Sales/Service, Investment Committee Meetings
Participant Support Services
Primary Market(s) Served Plans / Participants Served by Type* 401(k): 555 / 120,808 403(b): 19,366 / 3,100,269 457: 5,302 / 562,248 Other: 15,696 / 1,398,350
Total Assets Administered $78,663,012,375
Plans by Channel
Direct: 23,571 / Advisor: 23,571
Platform(s) Used Open architecture mutual fund platform
Asset Allocation Funds Open architecture offering over 11,000 funds
Advisor Support Services
External Wholesalers Focused on Advisors: 7 External Wholesalers Focused on Institutional: 7 Internal Wholesalers Focused on Advisors: 7 Internal Wholesalers Focused on Institutional: 7 Compliance Support, Plan Benchmarking, Target-Date Evaluation Tools, Training for DC Plan Sales/Service, Investment Committee Meetings
Participant Support Services In-Plan Lifetime Income Options, Rollover Services, Call Center Support, Facebook Page, Smartphone Access to Participant Balances, Smartphone Transaction Access for Participants
Plan Sponsor Service(s) Available Dedicated relationship management team, turnkey plan administration, ad-hoc reporting, online plan management, fiduciary support services, plan design, review and consulting, data management and cybersecurity services.
Rollover Services, Call Center Support, Facebook Page, Smartphone Access to Participant Balances, Smartphone Transaction Access for Participants
Plan Sponsor Service(s) Available Customized enrollment education site, Online distribution and loan approval, Relationship manager at designated plan asset level, Payroll Integration, Online plan review reporting, and Educational resources.
*as of 6.30.23
50
NAPABLACKBOOK2023