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ROLLOVER/TRANSFERS from American Funds

American Funds: Customers invested in American Funds within their employer 401(k) plan, SEP or SIMPLE IRA, may be eligible to roll over their assets to State Farm/Pershing at NAV.

Rollovers from Qualified Retirement Plans can be eligible for NAV pricing.

1.) Your customer must first establish a Traditional IRA account with American Funds Capital Bank & Trust (CB&T)

2.) To establish the CB&T account, the customer will need to contact the American Funds sales desk at (800)421-4225

*The best approach is a conference call with the customer and American Funds to ensure the request is completed correctly.

3.) Request the TRAD IRA application and direct rollover form

Direct rollover checks to CB&T must be made payable to American Funds, or Capital Group, FBO/customer name and mailed to the address below:

American Funds (Indiana)

P.O. Box 6040

Indianapolis, IN 46206-6040

After the TRAD IRA is opened at American Funds Capital Bank & Trust (CB&T)

1.) Submit a Transfer/Rollover service request to transfer the funds in-kind to IRA with Pershing

Please Note:

The customer DOES need to do the rollover into an IRA at American Funds FIRST to convert R shares to A shares then we can transfer in-kind to Pershing.

American Funds will NOT honor NAV on the purchase because it’s a different share class in the 401k.

If funds exist in the QRP that are not American Funds, a partial rollover to CB&T is needed for the American Funds portion only.

Holdings that are not American Funds should not be rolled over into the CB&T account.