Announcements

JANUARY 24, 2025

Support participants impacted by California wildfires

In an effort to support individuals impacted by the wildfires in southern California, Capital Group is temporarily waiving distribution and mailing fees for retirement plan participants in PlanPremier® and RecordkeeperDirect®.

For impacted participants, fees will be waived for the following services:

  • Hardship withdrawals and disaster recovery distributions
  • New loan originations
  • ACH/wire transfers
  • Expedited/overnight delivery


These fee suspensions will be provided automatically to participants who reside in the wildfire disaster zone identified by the Federal Emergency Management Agency (FEMA) for individual assistance (zip codes in LA County). The temporary fee waivers will remain in effect throughout the necessary recovery period. Please refer to the FEMA website for more information on the disaster declaration.

As a reminder, under the SECURE 2.0 Act of 2022, plan sponsors may provide relief to participants impacted by a federally declared major disaster, such as enabling disaster recovery distributions and delayed loan repayment. More information can be found on the IRS website.

We appreciate your trust in Capital Group and we’re here to support your clients and participants during this crisis.

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