J.P. Morgan Asset Management announced enhancements to Retirement Link℠, its workplace retirement offering for employers with 401(k), 403(b) and nonqualified plans to help advisors, plan sponsors and participants prepare for retirement. The updates broaden access to in-plan retirement income solutions, strengthen implementation and ongoing operational services to simplify plan administration, and expand participant communications to increase engagement. The enhancements are delivered through a deepened recordkeeping partnership with Empower, building on a relationship that dates back to 2012.
“Helping participants achieve a secure retirement is at the core of everything we do. Plan sponsors today are looking for ways to support people throughout their retirement journey. We believe these expanded capabilities can strengthen retirement readiness by delivering clearer education and access to retirement income solutions,” said Steve Rubino, Head of Retirement at J.P. Morgan Asset Management. “We look forward to continuing our partnership with Empower to extend these capabilities through our recordkeeping experience.”
“Our longstanding relationship with J.P. Morgan Asset Management has been built on a shared commitment to helping individuals achieve their financial goals,” said Joe Smolen, President of Empower Workplace Solutions. “We’re proud to help build upon that foundation by expanding the products and solutions available to individuals, giving them more ways to meet their evolving needs and pursue greater financial well-being.”
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The expanded capabilities are designed to support plan sponsors and advisors with:
P. Morgan Asset Management’s retirement recordkeeping platform includes Retirement Link℠ and Everyday 401(k), supporting workplace retirement plans for employers ranging from first-time plan sponsors to established small- to mid-market plans.
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