What Kind of Retirement Services Does JPMorgan Provide?


Quick Answer

JPMorgan Chase offers retirement solutions to businesses using tools including consultative partnerships with retirement advisors, educational retirement programs and insight on building strong defined-contribution plans for employees, explains JPMorgan. The company’s insights-driven platform uses a plan design guide for strengthening defined-contribution plans.

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Full Answer

JPMorgan’s retirement solutions focus on defined-contribution plans because many small to mid-sized businesses use the plan for their employee’s retirement accounts, according to JPMorgan. A defined-contribution plan puts aside a set amount or certain percentage of money that is paid by businesses for the benefit of their employees retirement, explains Investopedia.

JPMorgan's retirement product features for businesses includes one-on-one meetings with investment advisors to build targeted goals and action plans for companies' retirement programs. JPMorgan also offers record-keeping services for employer-sponsored retirement plans for businesses with assets of $1 million to $50 million. JPMorgan offers businesses access to more than 11,000 mutual funds in its network along with access to the JPMorgan SmartRetirement Funds. JPMorgan Asset Management actively manages several of the funds within the network.

The company shares its intellectual capital with small to mid-sized businesses by offering a series of insights, including webcasts, research, market insights and retirement insights. Part of the series provides businesses with access to JPMorgan's Guide to the Markets, which banking professionals and institutional investors throughout the financial industry use, explains JPMorgan.

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