Jpmorgan Chase Bank, National Association 401(k) Review & Grade
Jpmorgan Chase 401(k) Savings Plan
Jersey City, NJFinance & Insurance185,421 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,806Employer $ per active participant
$9,221Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$52.4BNet plan assets, end of year
$176,092Average balance per account
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 75th |
| Employee saving | 49th |
| Peers that auto-enroll | 74% |
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($18,858,037 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $372,950 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jpmorgan Chase Bank, National Association put in about $6,806 per active participant, more than the typical peer ($5,179). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,261,974,961 |
| Participant (employee) contributions | $1,709,701,770 |
| Other contributions (incl. rollovers in) | $386,997,353 |
| Administrative expenses paid from the plan | $21,837,335 |
| Investment advisory & management fees | $20,061,266 |
| Other admin expenses | $229,950 |
| Benefits paid out | $3,576,566,499 |
| Net assets, start / end of year | $44.0B / $52.4B |
| Active participants, start / end of year | 185,532 / 185,310 |
| Participants with account balances | 297,359 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Meaden & Moore, LTD |
| Employer stock held by plan | $8,402,328,583 |
Largest service providers (Schedule C)
| Wellington Management Company, LLP | $6,340,829 reported compensation |
| Blackrock Inst Trust Co., N.A. | $3,458,216 reported compensation |
| Columbia Mngmnt Inv Advisers, LLC | $2,735,065 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821152449NAL0004385233001, received 2025-08-21, EIN 13-4994650, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
Get notified when Jpmorgan Chase Bank, National Association's next filing posts
The most generous employers, the worst red flags, and plain-English 401(k) tips. One email a month.