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The Retirement Plan
Update: Your Guide to Benefits at JPMorgan Chase
This document is your summary plan description of the JPMorgan Chase Retirement Plan. The U.S. Department of Labor requires JPMorgan Chase to routinely provide benefits plan summaries to plan participants. Please retain this information for your records.
This document does not include all of the details contained in the applicable insurance contracts, plan documents, and trust agreements. If there is a discrepancy between the official plan documents and this summary, the official plan documents will govern.
Be sure to read the "About This Guide" section and the "Plan Administration"section for more important details about the plan and this description, and for reference to the official plan documents.
Your Wealth Accumulation Program
JPMorgan Chase offers a number of wealth accumulation plans that help you build income for your future. These plans include:
Working together, the components of these plans — along with your personal savings and Social Security benefits — allow you to design a personal strategy to help you meet your long-term financial needs.
This section will provide you with a better understanding of how the Retirement Plan works, including how and when benefits are paid.
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If calling from outside the United States:
Service Representatives are available from 8 a.m. to 7 p.m. Eastern Time, Monday through Friday, except certain U.S. holidays.
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JPMorgan Chase understands the importance of planning for your future. That's why we offer the Retirement Plan — fully paid for by the company — to provide you with a solid foundation for your retirement income. The JPMorgan Chase Retirement Plan is a defined benefit plan. This means your benefit is defined, or calculated, using a formula that is based on several factors, such as your benefits pay and your years of service with JPMorgan Chase. Once you begin participating in the plan, a notional recordkeeping account will be established in your name. For each month you work at JPMorgan Chase while eligible for the plan, the company will credit your account with a percentage of your benefits pay — generally from 3% to 9%, depending on your completed years of service. Your account also grows each month with interest credits. And because your plan benefits are portable, you can take your vested Retirement Plan benefits with you when you leave JPMorgan Chase.
This section will provide you with a better understanding of how the Retirement Plan works, including how and when benefits are paid.
The JPMorgan Chase U.S. Benefits Program is available to most full-time and part-time U.S. dollar-paid salaried employees who are regularly scheduled to work 20 hours or more a week and who are employed by JPMorgan Chase & Co. or one of its subsidiaries to the extent that such subsidiary has adopted the JPMorgan Chase U.S. Benefits Program. This information does not include all of the details contained in the applicable insurance contracts, plan documents, and trust agreements. If there is any discrepancy between this information and the governing documents, the governing documents will control. JPMorgan Chase & Co. expressly reserves the right to amend, modify, reduce, change, or terminate its benefits and plans at any time. The JPMorgan Chase U.S. Benefits Program does not create a contract or guarantee of employment between JPMorgan Chase and any individual. JPMorgan Chase or you may terminate the employment relationship at any time.
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