Q:

How do you open a 401(k) account with JPMorgan Chase?

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Quick Answer

Individuals who wish to open a JPMorgan Chase 401(k) retirement account need to speak with a financial adviser who can assist with new account applications, recommends JPMorgan. People can contact JP Morgan Chase financial professionals for assistance with 401(k) plan information at 1-866-576-2401, as of 2015.

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Full Answer

After opening a financial account with JPMorgan, individuals are given access to its online asset management account system, logging in with a unique username and personal identification number. Account details include a list of current investment allocations and balances, which is updated daily, notes JPMorgan. Investors use the account portal to submit loan requests, review statements and change financial contribution amounts. JPMorgan provides several forms on its account services request page in PDF format, ready for download.

Stable value funds are a safe choice for 401(k) investment plans and are especially beneficial for people nearing retirement, reports U.S. News & World Report. This type of fund does not fluctuate like regular stocks do, and it does not lose value when interest rates rise. Most 401(k) plans provide individuals with online tools that automate investment choices. Individuals enter a specific retirement date and follow the step-by-step instructions to set up asset allocations. Once a 401(k) plan is in place, it is wise to leave funds alone until retirement, because 401(k) money is protected from creditors.

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