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Retirement plan

JPMORGAN CHASE 401(K) SAVINGS PLAN

JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONEIN 13-4994650Plan #002PY 2023
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545 WASHINGTON BLVD, 12TH FLOOR, MAIL CODE NY1-G120 - JERSEY CITY, NJ 07310844-275-5762
Other plans on this EIN
1 filing
#001Retirement-$16.28B assets
Prospect flagsFailed to transmit contributionsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(844) 275-5762
Plan administrator signer
BERNADETTE J BRANOSKY
Signed 10/10/2024
Plan administrator entity
JPMORGAN CHASE US BENEFITS EXECUTIVE
EIN 371589439
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Summary metrics

Total assets (EOY)
$44552.2M
-10.4% from 2016
Total participants
298,925
-1.9% from 2016
Average account balance
$150,816
-8.6% from 2016
Annual return
21.26%
-9.82 pp from 2016

Benchmarks

See 90 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort90 peers
Snapshot2023
Participant deferral / active EE
$8,308
median $8,090
Employer contribution / active EE
$6,039
median $4,596
Participation rate
98.1%
median 96.7%
Avg account balance
$150,816
median $125,798
Admin fee / account holder
$63
median $54
Annual return
21.26%
median 18.72%
Overall peer rank
61st 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 12 by compensation
ProviderService typeCompensation
WELLINGTON MANAGEMENT COMPANY, LLP9+ years
Service code 28 · EIN 30-0835489
Investment Management
$4,908,717
BLACKROCK INST TRUST CO., N.A.9+ years
Service code 21 · EIN 94-3112180
Bank Trustee
$2,809,165
COLUMBIA MNGMNT INV ADVISERS, LLC9+ years
Service code 28 · EIN 41-1533211
Investment Management
$2,596,918
JENNISON ASSOCIATES, LLC9+ years
Service code 28 · EIN 22-2540245
Investment Management
$2,317,017
T. ROWE PRICE ASSOCIATES, INC.9+ years
Service code 28 · EIN 52-0556948
Investment Management
$2,053,384
CAUSEWAY CAPITAL MGMT4 years
Service code 28 · EIN 95-4861680
Investment Management
$1,355,646
PIMCO9+ years
Service code 28 · EIN 33-0629048
Investment Management
$1,307,517
JPMORGAN CHASE BANK, N.A.9+ years
Service code 14 · EIN 13-4994650
Plan Administrator
$1,066,110
FIDUCIARY COUNSELORS INC.8 years
Service code 16
700 12TH STREET NW, SUITE 700 · WASHINGTON, DC 20005
Consulting
$125,000
MERCER8 years
Service code 16 · EIN 13-2834414
Consulting
$70,696

Reportable transactions (Schedule G)

2 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
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
—

Plan features & details

Pension benefit codes2E2F2G2J2K2O2S2T
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total 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

2 tripped
  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$18.7M
$101 / participant
  • Investment mgmt$17M92.9%
  • Legal$17K0.1%
  • Actuarial$71K0.4%
  • Salaries / allowances$1M5.7%
  • Other / not subdivided$176K0.9%
% of EOY assets
0.042%
all-in expense ratio
Categories reported
4 / 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