Custom Record Permissions do not Display after Bundle Deployment

A custom role can be given permissions to custom records when the role is edited through Permissions > Custom Records subtab.  However, when this custom role is bundled and deployed to another account, these permissions may not be visible.

The following image the permissions given to a custom role from within the source account:

When deployed to the target account, these permissions may not be visible.

The solution is to add the custom records to the bundle as well as shown below:

After this is done, the custom record permissions now show up in the target account.