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J.P. Morgan Retirement Link Stronger Plans LOWER COSTS STRONGER PLANS J.P. Morgan Retirement LinkSM Helping you build stronger retirement plans with competitive pricing jpmorganretirementlink.com J.P. Morgan Retirement Link Help build stronger retirement plans with JPMorgan SmartRetirement® Blend Funds and J.P. Morgan Retirement Link. Our full-service retirement plan solution puts the breadth of our investment capabilities, thought leadership and BUNDLED DEFINED CONTRIBUTION PLAN SOLUTIONS FOR PLANS WITH best-in-class1 service at your fingertips to deliver stronger plans at lower costs. $1.5 TO $100+ MILLION IN ASSETS COMPETITIVE PRICING BROAD AND PROVEN INVESTMENT CAPABILITIES Cost savings over similar retirement 100% Overall relationship manager satisfaction1 plan solutions and access to clean Access to J.P. Morgan Funds’ broad share classes (like the R6) to bring platform of investments with institutional-level pricing to plan $2.3+ trillion in assets2 and an open participants architecture platform AWARD WINNER for Overall Retirement Communications4 BEST-IN-CLASS1 SERVICE STRONGER PARTICIPANT 6X Experienced relationship OUTCOMES managers3 work with financial Award-winning4 employee educational professionals and plan sponsors communications address financial to simplify the complex and wellness concerns to help put ND empower better decisions participants on a more secure 97% Leveraging the 2 LARGEST retirement path Client retention rate7 recordkeeping system in the nation8 JPMORGAN SMARTRETIREMENT® BLEND FUNDS Our target date series combines the best of both worlds—the lower cost of Visit jpmorganretirementlink.com, contact 844-LINK-JPM or your passively-managed index strategies and active management in asset classes J.P. Morgan representative to learn more. where we can add the most value. All at a competitive price. ALL SMARTRETIREMENT SMARTRETIREMENT BLEND BLEND VINTAGES HAVE RATED GOLD LOWER BY MORNINGSTAR6 LET’S SOLVE IT. EXPENSE RATIOS THAN AT LEAST 93% 7 OF PEERS5 J.P. Morgan Retirement Link data as of 12/31/20; client retention ratio excludes uncontrollable client losses (e.g. bankruptcy, mergers & acquisitions, etc.). 8 Pensions & Investments 2020 Defined Contribution Survey Ranking as of April 2020. 1 Chatham Partners Satisfaction Survey, 2019. When evaluating DC providers, a top 2 box rating of 85% or greater 9 Additional participant education days in English: $1,300 per day for in-person; $300 per day for webcasts and $100 corresponds to best-in-class rating. 8 out of the top 14 DC providers are incorporated into this survey. Best-in-class for each subsequent webcast using the same materials. All plans have access to ongoing participant education via rating for Overall Satisfaction, Relationship Management, Account Management, Participant Services. live webinars and recorded presentations. 2 10 J.P. Morgan data as of 12/31/20. Requires adoption of certain services. Includes Safe Harbor, QACA, ACA, EACA, QDIA, 404(a)(5). Includes the 3 creation of Fund Change notices and Sarbanes-Oxley (SOX) notices but not the distribution of stated notices. Relationship Managers average 26 years of industry experience; 18 years with J.P. Morgan, April 2020. There can Summary Plan Description (SPD), Summary of Material Modification (SMM) and Summary Annual Review (SAR) be no assurance that the professionals currently employed by J.P. Morgan Asset Management will continue to be mailings not included. Safe Harbor notice mailing not included if using a third party plan document. employed by J.P. Morgan Asset Management or that the past performance 11 A plan re-enrollment is a process by which participants are notified that their existing assets and future 4 Winner of twelve Investment Management Education Alliance Star Awards, 2014 through 2019, including Overall contributions will be invested in the plan’s qualified default investment alternative (QDIA), in the event they don’t Retirement Communications. Winner of two 2014 Pensions & Investments’ Eddy Awards. make an affirmative election, as defined in ERISA regulations. All participant assets are automatically moved into 5 Source: Morningstar; as of 12/31/20. Based on prospectus net expense ratio rankings for the R6 share class of each the QDIA on a certain date unless they make a new investment election during a specified time. vintage in JPMorgan SmartRetirement Blend Funds series versus their relevant Morningstar target date category The initial price is based on average participant balances, calculated at the time of sale. Pricing is only valid for Morningstar’s source for prospectus net expense ratio is each fund’s most recent prospectus. Different share classes plans with a 60%+ participation rate. may have different rankings. This is a general communication being provided for informational purposes only. It is educational in nature and not designed to be a 6 Source: Morningstar, US Fund Target Date categories. Analyst rating as of 3/17/21; applies to SmartRetirement and recommendation for any specific investment product, strategy, plan feature or other purposes. By receiving this communication you agree with the intended purpose described above. Any examples used in this material are generic, hypothetical and for illustration SmartRetirement Blend mutual funds only. The Morningstar Analyst Rating™ is not a credit or risk rating. It is a purposes only. None of J.P. Morgan Asset Management, its affiliates or representatives is suggesting that the recipient or any other subjective evaluation performed by various Morningstar, Inc. subsidiaries (“Manager Research Group”) which, in the person take a specific course of action or any action at all. Communications such as this are not impartial and are provided in U.S., is Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange connection with the advertising and marketing of products and services. Prior to making any investment or financial decisions, an Commission. Funds are evaluated based on five key pillars — process, performance, people, parent and price — to investor should seek individualized advice from personal financial, legal, tax and other professionals that take into account all of the determine how they may likely perform relative to a benchmark over the long term on a risk-adjusted basis. particular facts and circumstances of an investor’s own situation. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, Negative. A rating of Gold, Silver or Bronze reflects the Certain recordkeeping and administrative services for plans may be provided on behalf of JPMorgan Invest Holdings LLC (J.P. Morgan) expectation of a fund’s prospects for outperformance. The expectations and methodologies differ between active and by Empower Retirement, LLC (Empower Retirement). Securities transactions are effected by an affiliate of Empower Retirement: GWFS passive funds. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by Equities, Inc. (GWFS), a registered broker-dealer and member of FINRA. Representatives of GWFS are not registered investment an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. advisors and cannot offer financial, legal or tax advice. GWFS and Empower Retirement are independent entities and are not affiliated with J.P. Morgan. If retirement brokerages services are available in the Plan, those services are offered by Charles Schwab & Co, Inc. (Schwab). Schwab receives fees for providing these services and is not affiliated with J.P. Morgan, Empower Retirement or GWFS. DETERMINE YOUR RETIREMENT PLAN’S COMPETITIVE PRICE RETIREMENT PLAN SERVICES $5+ million <$5 million AT JPMORGAN.COM/PRICESMART Relationship Manager In-person Phone-based JPMorgan SmartRetirement Blend Recordkeeping fees Annual business planning meeting 1 in-person 1 phone-based (R6 share class) 0.19% X.XX% (see below) + Participant education (see available services À la carte À la carte and fees)9 Annual print and mail services for participant Included Included regulatory notices10 excluding notices at RECORDKEEPING FEES WITH RE-ENROLLMENT Annual fees for J.P. Morgan implementation and fund change notices recordkeeping with re-enrollment11 into JPMorgan SmartRetirement Blend as the QDIA AVERAGE PARTICIPANT BALANCE PLAN ASSETS ($) $50,000 $60,000 $75,000 $90,000 $100,000 $110,000 $120,000 $130,000 $140,000 $150,000 10,000,000 0.23% 0.19% 0.15% 0.13% 0.12% 0.11% 0.10% 0.09% 0.09% 0.08% 15,000,000 0.19% 0.15% 0.12% 0.09% 0.08% 0.07% 0.06% 0.06% 0.05% 0.04% 20,000,000 0.16% 0.13% 0.10% 0.07% 0.06% 0.05% 0.04% 0.03% 0.03% 0.02% 25,000,000 0.15% 0.12% 0.08% 0.06% 0.05% 0.04% 0.03% 0.02% 0.02% 0.01% 30,000,000 0.14% 0.10% 0.07% 0.05% 0.04% 0.03% 0.02% 0.01% 0.01% 0.00% 35,000,000 0.13% 0.10% 0.06% 0.04% 0.03% 0.02% 0.01% 0.01% 0.00% 0.00% 40,000,000 0.12% 0.09% 0.06% 0.04% 0.03% 0.02% 0.01% 0.00% 0.00% 0.00% 45,000,000 0.11% 0.08% 0.05% 0.03% 0.02% 0.01% 0.00% 0.00% 0.00% 0.00% 50,000,000 0.11% 0.08% 0.05% 0.03% 0.02% 0.01% 0.00% 0.00% 0.00% 0.00% RECORDKEEPING ONLY FEES Annual fees for J.P. Morgan recordkeeping only AVERAGE PARTICIPANT BALANCE PLAN ASSETS ($) $50,000 $60,000 $75,000 $90,000 $100,000 $110,000 $120,000 $130,000 $140,000 $150,000 10,000,000 0.31% 0.28% 0.25% 0.23% 0.22% 0.21% 0.21% 0.20% 0.20% 0.19% 15,000,000 0.28% 0.25% 0.22% 0.20% 0.19% 0.18% 0.18% 0.17% 0.17% 0.16% 20,000,000 0.26% 0.23% 0.20% 0.19% 0.18% 0.17% 0.16% 0.16% 0.15% 0.15% 25,000,000 0.25% 0.22% 0.19% 0.18% 0.17% 0.16% 0.15% 0.15% 0.14% 0.14% 30,000,000 0.24% 0.21% 0.19% 0.17% 0.16% 0.15% 0.14% 0.14% 0.13% 0.13% 35,000,000 0.23% 0.21% 0.18% 0.16% 0.15% 0.15% 0.14% 0.13% 0.13% 0.12% 40,000,000 0.22% 0.20% 0.18% 0.16% 0.15% 0.14% 0.14% 0.13% 0.13% 0.12% 45,000,000 0.22% 0.20% 0.17% 0.15% 0.15% 0.14% 0.13% 0.13% 0.12% 0.12% 50,000,000 0.22% 0.19% 0.17% 0.15% 0.14% 0.14% 0.13% 0.12% 0.12% 0.12% All pricing is subject to change.
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