Retirement plan
JPMORGAN CHASE 401(K) SAVINGS PLAN
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONEIN 13-4994650Plan #002PY 2015
28 LIBERTY STREET, 34TH FLOOR MAIL CODE NY1-A341 - NEW YORK, NY 100051401302-455-3494
Other plans on this EIN
1 filingProspect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
BERNADETTE J BRANOSKY
Signed 08/09/2016
Plan administrator entity
BENEFITS DIRECTOR OF JPMORGAN CHASE BERNADETTE J. BRANOSKY
EIN 371589439
(212) 552-3372Summary metrics
Total assets (EOY)
$21712.9M
-10.4% from 2016
Total participants
275,676
-1.9% from 2016
Average account balance
$80,395
-8.6% from 2016
Annual return
2.85%
-9.82 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort75 peers
Snapshot2015
58
Participant deferral / active EE
$5,565
median $5,176
46
Employer contribution / active EE
$2,805
median $2,926
69
Participation rate
96.6%
median 91.8%
49
Avg account balance
$80,395
median $81,792
45
Admin fee / account holder
$62
median $49
80
Annual return
2.85%
median 0.64%
Overall peer rank
58of 100
58th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$52.91B
Average account balance
Total assets / participants with a balance (line 6g)
$178K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
297,359
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.4%
Contributions (total)
Employer and participant dollars contributed each year
$2.97B
Contributions per participant
Average employer and participant contribution per enrolled participant
$16K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+20.12%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$73
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 11 by compensation
| Provider | Service type | Compensation |
|---|---|---|
BLACKROCK INST TRUST CO., N.A.1+ years Service code 21 · EIN 94-3112180 | Bank Trustee | $5,314,878 |
EARNEST PARTNERS LLC1+ years Service code 51 · EIN 58-2386669 | Investment Mgmt Fees | $1,953,654 |
Service code 51 · EIN 41-1533211 | Investment Mgmt Fees | $1,910,080 |
Service code 51 · EIN 30-0835489 | Investment Mgmt Fees | $1,844,043 |
JENNISON ASSOCIATES, LLC1+ years Service code 51 · EIN 22-2540245 | Investment Mgmt Fees | $1,837,544 |
T. ROWE PRICE ASSOCIATES, INC.1+ years Service code 28 · EIN 52-0556948 | Investment Management | $1,457,980 |
PIMCO1+ years Service code 51 · EIN 33-0629048 | Investment Mgmt Fees | $1,295,267 |
CAUSEWAY CAPITAL MANAGEMENT, LLC1+ years Service code 51 · EIN 95-4861680 | Investment Mgmt Fees | $951,095 |
EMPOWER RETIREMENT1+ years Service code 15 · EIN 43-1796706 | Recordkeeping | $195,250 |
JPMORGAN CHASE BANK, N.A.1+ years Service code 21 · EIN 13-4994650 | Bank Trustee | $90,328 |
Reportable transactions (Schedule G)
1 row
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | JPMORGAN CHASE BANK, N.A. | ASSET MANAGER FEE INCOME PROHIBITED UNDER SEC. 406 OF ERISA | — | $100 |
Plan features & details
Pension benefit codes2E2F2G2J2K2O2S2T
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
Opportunity flags
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$16.8M
$102 / participant
- Investment mgmt$17M98.8%
- Other / not subdivided$198K1.2%
% of EOY assets
0.077%
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
- MEADEN & MOORE, LTD
- Auditor EIN
- 341818258
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified