Retirement plan

JPMORGAN CHASE RETIREMENT PLAN

JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONEIN 13-4994650Plan #001PY 2021
545 WASHINGTON BLVD, 12TH FLOOR, MAIL CODE NY1-G120 - JERSEY CITY, NJ 07310877-576-2427
Other plans on this EIN
1 filing
Prospect flagsLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(877) 576-2427
Plan administrator signer
BERNADETTE J BRANOSKY
Signed 10/06/2022
Plan administrator entity
JPMORGAN CHASE US BENEFITS EXECUTIVE
EIN 371589439

Summary metrics

Total assets (EOY)
$18819.9M
-1.3% from 2016
Total participants
267,754
+1.2% from 2016
Average account balance
$0
No prior year
Annual return
-7.78%
-5.83 pp from 2016

Benchmarks

Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort31 peers
Snapshot2021
Participant deferral / active EE
$0
median $81
Employer contribution / active EE
$0
median $4,047
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
-7.78%
median 9.49%
Overall peer rank
0th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$16.07B
Average account balance
Total assets / participants with a balance (line 6g)
$79K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
124,649
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+3.16%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 50 by compensation
ProviderService typeCompensation
Service code 28 · EIN 81-5242102
Investment Management
$10,229,800
Service code 28 · EIN 30-0835489
Investment Management
$4,888,813
Service code 28 · EIN 65-0863927
Investment Management
$4,817,482
Service code 10 · EIN 98-1048371
Accounting
$4,626,897
Service code 27 · EIN 33-0629048
Advisory (Plan)
$4,184,496
Service code 14 · EIN 13-4994650
Plan Administrator
$3,653,970
Service code 28 · EIN 04-3200030
Investment Management
$2,935,738
PGIM, INC.3 years
Service code 28 · EIN 22-2540245
Investment Management
$2,567,641
Service code 28 · EIN 14-1875682
Investment Management
$2,530,818
Service code 28 · EIN 52-1200960
Investment Management
$1,952,152

Enrolled actuary

1 attachment
SB

RICHARD C. SANDERS

MERCER
Enrollment #2005495
ONE UNIVERSITY SQUARE DRIVE
SUITE 100
PRINCETON, NJ 085406455
(609) 520-2586
Signed 2022-05-11

Reportable transactions (Schedule G)

20 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 1
Loan in default
DOMINION DIAMOND MINES ULC
Part 1
Loan in default
ASCENT CAPITAL GROUP
5251 DTC PARKWAY
SUITE 1000
GREENWOOD VILLAGE, CO 80111
Part 1
Loan in default
LEHMAN BROTHERS HOLDINGS
1271 AVENUE OF THE AMERICAS
NEW YORK, NY 10020
Part 1
Loan in default
LEHMAN BROTHERS HOLDINGS
1271 AVENUE OF THE AMERICAS
NEW YORK, NY 10020
Part 1
Loan in default
NEIMAN MARCUS GROUP LTD LLC
1618 MAIN STREET
DALLAS, TX 75201
Part 1
Loan in default
NEIMAN MARCUS GROUP LTD LLC
1618 MAIN STREET
DALLAS, TX 75201
Part 1
Loan in default
CHESAPEAKE ENERGY CORP
6100 NORTH WESTERN AVE
OKLAHOMA CITY, OK 73118
Part 1
Loan in default
CHESAPEAKE ENERGY CORP
6100 NORTH WESTERN AVE
OKLAHOMA CITY, OK 73118
Part 1
Loan in default
INTELSAT CONNECT FINANCE SA
Part 1
Loan in default
DOMINION DIAMOND MINES ULC
Part 1
Loan in default
HERTZ CORP - CLASS A
225 BRAE BLVD
PARK RIDGE, NJ 07656
Part 1
Loan in default
HERTZ CORP - CLASS A
225 BRAE BLVD
PARK RIDGE, NJ 07656
Part 1
Loan in default
HERTZ CORP - CLASS A
225 BRAE BLVD
PARK RIDGE, NJ 07656
Part 1
Loan in default
INTELSAT CONNECT FINANCE SA
Part 1
Loan in default
INTELSAT CONNECT FINANCE SA
Part 1
Loan in default
INTELSAT CONNECT FINANCE SA
Part 1
Loan in default
MALLINCKRODT INTERNATIONAL FINANCE
Part 1
Loan in default
MALLINCKRODT INTERNATIONAL FINANCE
Part 1
Loan in default
MALLINCKRODT INTERNATIONAL FINANCE
Part 1
Loan in default
TUNON LUXEMBOURG S.A.

Plan features & details

Pension benefit codes1A1C
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$100.8M
$985 / participant
  • Investment mgmt$68M67.1%
  • Other / not subdivided$33M32.9%
% of EOY assets
0.536%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
FAW CASSON & CO., LLP
Auditor EIN
520619968
Audit fees
(not subdivided)
Opinion code
Unqualified