Why Everyday 401(k)?
About Everyday 401(k)
For more information, call 844-546-5576 and speak to one of our Retirement Plan Client Advisors
Advisor Resources
Contact us
For more information, call 844-546-5576 and speak to one of our Retirement Plan Client Advisors
Cost and fees for our most popular bundled solutions
All 401(k) plan options come with an assigned client success team, investment fiduciary services, a co-fiduciary to help with day-to-day running of the plan and integration with many payroll providers. Additional plan options are available.
*A one-time $500 Set-up fee for new 401(k) plans is due upon signed agreement. If you are converting an existing 401(k) plan, there’s a $750 conversion fee for most plans. No additional set-up fee is due for conversions. A $500 non-refundable deposit is due when the plan services agreement is signed which will be applied to your client’s initial balance due.
** The monthly participant fee is typically paid by the participant. The employer may choose to cover this.
Some of your clients may be subject to a State Mandate to offer retirement benefits
There is a developing trend among states to enact legislation requiring employers without retirement plans to enroll their employees in a payroll deduction individual retirement account (IRA) program run by the state. Employers will be required to automatically enroll their employees in the plan unless they actively opt out by offering a qualified retirement plan to their employees, like Everyday 401(k).
Select one of the four tabs directly below to locate your state. For all those that have passed legislation, you can click on the state in the map (or in the legend) for details.
- Legislation passed & programs launched
- Legislation passed & programs under construction
- Legislation introduced
- Legislation not recently considered
California
CalSavers Program
EFFECTIVE DATES
- September 30, 2020 – Employers with at least 100 employees
- June 30, 2021 – Employers with 50-99 employees
- June 30, 2022 – Employers with 5-49 employees
- December 31, 2025 – Employers with 1 + employees
WHAT TYPE OF PLAN IS OFFERED?
Automatic enrollment into a Roth IRA
WHO MUST COMPLY?
Employers who don’t offer a workplace retirement plan and have one or more California-based employees.
NON-COMPLIANCE PENALTY
Employers who fail to comply with the CalSavers program could face penalties of $250 per eligible employee after 90 days of being served notice, and up to $500 per eligible employee if non-compliance extends past 180 days.
Source: https://www.calsavers.com
Hawaii
Hawaii Retirement Savings Program
EFFECTIVE DATES
- TBD
WHAT TYPE OF PLAN IS OFFERED?
Automatic enrollment into a Roth IRA
WHO MUST COMPLY?
Employers who have at least one employee, have been in business for more than two years and who don’t offer a workplace retirement plan.
NON-COMPLIANCE PENALTY
Employers who fail to enroll covered employees can be subject to a penalty of up to $50 per month for each employee and would be liable to the employee for the amount of the contribution that would have been made for that employee plus interest at the annual rate of 6%.
Source: https://labor.hawaii.gov/hrsp/
Legislation has been introduced but has not yet passed in the following states:
- Alabama
- Arizona
- Arkansas
- Georgia
- Idaho
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Michigan
- Mississippi
- Montana
- Nebraska
- New Hampshire
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Utah
- West Virginia
- Wisconsin
- Wyoming
Legislation has not recently been considered in the following states:
- Alaska
- Florida
- Massachusetts
- Missouri
- New Mexico
- South Dakota
Footnotes
1J.P. Morgan Asset Management (JPMAM) was honored with the 2026 Pensions & Investments’ Eddy Awards on March 17, 2026, recognizing our performance in the calendar year 2025 in two categories: Ongoing Investment Education and Financial Wellness; and with the 2025 Pensions & Investments’ Eddy Awards on March 11, 2025, recognizing our performance in the calendar year 2024 across three categories: Ongoing Investment Education, Conversions and Financial Wellness. Please note that the number of entries was not disclosed to JPMAM, and a submission fee was required for participation. It is important to understand that receiving this award does not guarantee future performance results.
2The 3(38) Fiduciary Partnership Service is provided by Mesirow and available through J.P. Morgan Everyday 401(k) (“J.P. Morgan”). Mesirow acts as a fiduciary under ERISA Section 3(38) with respect to the services described in the Investment Manager Agreement but is not acting in the capacity of adviser to individual investors. Mesirow is not affiliated with J.P. Morgan or its subsidiaries and affiliates. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Advisory services are offered through Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2026. All rights reserved.
3The 2025 NAPA Advisors’ Choice Award surveys National Association of Plan Advisors (NAPA) members on recordkeeping services in five market segments across 13 different service categories. On September 8, 2025, NAPA included J.P. Morgan in the micro and small market segments (defined as plans with under $1 million and between $1 million and $10 million in plan assets) in 7 of the 13 service categories. No fees were paid for the recognition. NAPA began the Advisors’ Choice survey in 2021.
4See Footnote 1.
Disclosures
Plan sponsors should reference JPMIH’s 408(b)(2) services and fee disclosure notice for more complete information, which is available on the plan sponsor portal for your plan. Additional fee information is available for participants on your plan’s J.P. Morgan Everyday 401(k) website.
Certain recordkeeping and related services for plans may be provided on behalf of JPMorgan Invest Holdings LLC (JPMIH) by Vestwell Holdings Inc.
Vestwell Holdings Inc. provides various fiduciary and non-fiduciary services on its proprietary recordkeeping platform to support tax-qualified retirement plans. To learn more about Vestwell Holdings Inc. and its services, please visit https://www.vestwell.com.
J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co and its affiliates worldwide.