Workers are looking to employers for answers
Our research found that a majority of DC plan sponsors appear willing to provide the post-retirement assistance people seek. Employees know and trust their employers, and more are staying in plan beyond their working years. Adding retirement income strategies to the menu gives retirees ongoing professional management at a reasonable cost when they need it most. It also makes the plan more attractive when recruiting and retaining talent.
More retirees than ever are remaining in plan
The number of participants with plan balances three years after retirement has more than doubled since 2009.1
Employers are answering the call
More than half of sponsors believe they have a responsibility to offer retirement income solutions.2
Income strategies make plans more attractive
More than four in five participants (85%) would likely stay in plan if there were a retirement income option.3
Using real-life data to better understand American workers’ behaviors and create more effective retirement income solutions
across 4,500 plans1
DC and IRA accounts
J.P. Morgan Asset Management's unique access to DC participant data and Chase consumer spending data as well as a research collaboration with the Employee Benefit Research Institute (EBRI) provides the industry's first holistic view of retirees' saving and spending behaviors and how their habits change over time. This view allows us to go beyond conventional industry assumptions to more deeply understand income needs and more effectively design solutions around those needs to help you and your clients meet their goals in retirement.
Featured retirement income solutions
A solution that pairs the JPMorgan SmartRetirement target date funds with AIG Life & Retirement’s IncomEdge Control annuity, a protected lifetime income product, issued by The Variable Annuity Life Insurance Company.6 To learn more, contact your J.P. Morgan representative.7