How many plans does American Funds serve?

American Funds serves 1,499 retirement plans with $286.2B in plan assets and 3,143,643 participants, based on the latest Form 5500 filings through 2024.

What does American Funds charge?

Plans reported $43.5M in total Schedule C compensation paid to American Funds. The median plan paid $6K. Fees vary with plan size and the services each plan buys.

Filings through Oct 24, 2026.

American Funds

Matched across 520 name variants in the filings

American Funds summary

American Funds appears on 1,499 retirement plans in Form 5500 Schedule C filings through plan year 2024. Those plans hold $286.2B in assets for 3,143,643 participants. The median client plan holds $16.3M. Most client plans are sponsored in CA, PA and NY. The largest clients by plan assets are State Farm Mutual Automobile Insurance Company, Trustees of the National Electrical Benefit Fund and National Rural Electric Cooperative Association. Plans reported $43.5M in direct and indirect compensation paid to American Funds. The median is $6K per plan.

Participants: 3,143,643
Median plan assets: $16.3M
Median plan participants: 275
Median fees per plan: $6K; Schedule C direct + indirect

Top 25 client plans by assets

Latest Form 5500 filing per plan through 2024

Sponsor	State	Assets	Participants
State Farm Mutual Automobile Insurance Company	IL	$42.3B	113,538
Trustees of the National Electrical Benefit Fund	MD	$22.5B	736,031
National Rural Electric Cooperative Association	VA	$19.1B	82,085
National Elevator Industry Pension Plan Plan Board of Trustees	PA	$12.2B	54,107
Citigroup Inc.	CT	$10.0B	114,287
Southern California Permanente Medical Group	CA	$9.2B	12,823
BD of Trustees of the Elev Constu Annuity and 401(k) Ret Plan	PA	$8.7B	38,361
Wells Fargo & Company	MN	$8.5B	157,353
Sutter Health	CA	$6.7B	69,518
Intl Painters & Allied Trades Ind. Pension Fund- Board of Trustees	MD	$5.2B	94,321
Southern California Edison Company	CA	$4.9B	20,249
Ameren Corporation	MO	$4.8B	19,176
Retirement Board of Bert Bell/Pete Rozelle NFL Player Retirement Plan	MD	$4.0B	15,591
Trader Joe's Company	CA	$3.8B	76,554
Penn State Health	PA	$3.4B	22,299
Salt River Valley Water Users Association	AZ	$3.2B	11,800
DXC Technology Company	VA	$2.8B	22,819
NRG Affiliate Services, Inc	NJ	$2.6B	18,012
National Roofing Industry Pension Fund Wilson-McShane Corporation	MN	$2.4B	33,418
Tetra Tech, Inc.	CT	$2.2B	14,215
CHS Inc.	MN	$2.1B	14,369
Battelle Energy Alliance, LLC	ID	$2.0B	7,309
Service Corporation Intl	TX	$2.0B	28,075
Joint Board of Trustees Operating Engineers Local 324	MI	$1.9B	21,246
Board of Trustees of the S.E.I.U. National Industry Pension Fund	DC	$1.9B	172,811

State Farm Mutual Automobile Insurance Company$42.3B
ILParticipants 113,538
Trustees of the National Electrical Benefit Fund$22.5B
MDParticipants 736,031
National Rural Electric Cooperative Association$19.1B
VAParticipants 82,085
National Elevator Industry Pension Plan Plan Board of Trustees$12.2B
PAParticipants 54,107
Citigroup Inc.$10.0B
CTParticipants 114,287
Southern California Permanente Medical Group$9.2B
CAParticipants 12,823
BD of Trustees of the Elev Constu Annuity and 401(k) Ret Plan$8.7B
PAParticipants 38,361
Wells Fargo & Company$8.5B
MNParticipants 157,353
Sutter Health$6.7B
CAParticipants 69,518
Intl Painters & Allied Trades Ind. Pension Fund- Board of Trustees$5.2B
MDParticipants 94,321
Southern California Edison Company$4.9B
CAParticipants 20,249
Ameren Corporation$4.8B
MOParticipants 19,176
Retirement Board of Bert Bell/Pete Rozelle NFL Player Retirement Plan$4.0B
MDParticipants 15,591
Trader Joe's Company$3.8B
CAParticipants 76,554
Penn State Health$3.4B
PAParticipants 22,299
Salt River Valley Water Users Association$3.2B
AZParticipants 11,800
DXC Technology Company$2.8B
VAParticipants 22,819
NRG Affiliate Services, Inc$2.6B
NJParticipants 18,012
National Roofing Industry Pension Fund Wilson-McShane Corporation$2.4B
MNParticipants 33,418
Tetra Tech, Inc.$2.2B
CTParticipants 14,215
CHS Inc.$2.1B
MNParticipants 14,369
Battelle Energy Alliance, LLC$2.0B
IDParticipants 7,309
Service Corporation Intl$2.0B
TXParticipants 28,075
Joint Board of Trustees Operating Engineers Local 324$1.9B
MIParticipants 21,246
Board of Trustees of the S.E.I.U. National Industry Pension Fund$1.9B
DCParticipants 172,811

Top client states

CA157 plans
PA101 plans
NY98 plans
IL83 plans
OH67 plans

Frequently asked questions

Who uses American Funds?: 1,499 retirement plans list American Funds as a service provider on Schedule C of Form 5500. The largest clients by plan assets include State Farm Mutual Automobile Insurance Company, Trustees of the National Electrical Benefit Fund, National Rural Electric Cooperative Association, National Elevator Industry Pension Plan Plan Board of Trustees and Citigroup Inc.. Most client plans are sponsored in CA, PA and NY.
How many plans does American Funds serve?: American Funds serves 1,499 retirement plans with $286.2B in plan assets and 3,143,643 participants, based on the latest Form 5500 filings through 2024.
What does American Funds charge?: Plans reported $43.5M in total Schedule C compensation paid to American Funds. The median plan paid $6K. Fees vary with plan size and the services each plan buys.

Analytics

Market position · 2024

Plans served1,499-9 YoYRank #18 of mapped providers

Assets under administration$286.2B0.3%Rank #45 by share of filed assets

Fees received$43MMedian $6,003/planSum across Schedule C direct + indirect

Net wins YoY-30201 won - 231 lostPlan-level switch detection

Plans served · 5-year trajectory

Plan count by year, with the share of all plans.

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Customer-base shape

Participant bands, asset bands, top states and top industries.

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5-year plans-served trajectory
Customer-base shape
Median fees per service
Competitor overlap
Plans won and lost
Top plans by assets

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Fund lineups on plans this firm keeps

Search these plans

Large plans that name Capital Group as recordkeeper and list their funds in their filing. Files as AMERICAN FUNDS.

Plans

1,043

$28.9B in funds

In collective trusts

average plan

In Capital Group funds

74%

average plan

In index funds

average plan

Top managers in these lineups

Manager	Plans
Capital Group	920
Vanguard	286
Fidelity (FMR)	197
BlackRock	139
JPMorgan	115

Target-date series

Series	Plans
American Funds Target Date	892
Fidelity Freedom	2
Vanguard Target Retirement	2
T. Rowe Price Retirement	2
Fidelity Freedom Index	1

Covers 71,410 large plans that list their funds in their annual filing. Updated Nov 6, 2026. Shares describe these plans, not the whole market.