March 06, 2015 7:58 AM ET

Capital Markets

Company Overview of J.P. Morgan Retirement Plan Services LLC

Company Overview

J.P. Morgan Retirement Plan Services LLC provides financial services for consumers, businesses, corporations, institutions, and governments in the United States. It offers investment banking and management, financial transaction processing, private banking, and private equity services. The company also provides personal and small business retail banking services, including home, auto, and education finance, as well as credit card services; and focuses on lending and brokerage services. J.P. Morgan Retirement Plan Services LLC was formerly known as J.P. Morgan/American Century Retirement Plan Services. The company was founded in 1998 and is based in Kansas City, Missouri. As of August 29, 201...

9300 Ward Parkway

Kansas City, MO 64114-3317

United States

Founded in 1998





Key Executives for J.P. Morgan Retirement Plan Services LLC

Chief Executive Officer
Managing Director and Head of Product and Marketing
Vice President
Vice President of Sales
Vice President
Compensation as of Fiscal Year 2014.

J.P. Morgan Retirement Plan Services LLC Key Developments

GEHA Employees' Suits Against JPMorgan Come Back to State Court

Government Employees Health Association Inc. would consolidate its 1,200 employees in Independence, a pair of lawsuits involving many of them also were being moved to the same city. GEHA employees filed two suits in 2012, against JPMorgan Retirement Plan Services LLC. They claim that they were induced to participate in GEHA's defined-contribution pension plan without knowing that JPMorgan's "stable asset" fund was actually chock full of toxic assets such as mortgage-backed securities. JPMorgan's attorneys at Morgan Lewis & Bockius LLP and Shook Hardy & Bacon LLP removed the suits to federal court, arguing that the employees' claims were pre-empted by the federal Employee Retirement Income Security Act (ERISA). In a May 14 ruling, U.S. District Judge Beth Phillips disagreed, saying the plaintiffs can pursue their state-law claims for fraud, unjust enrichment and violations of the Missouri Merchandising Practices Act. She sent the cases back to Jackson County Circuit Court in Independence. Plaintiffs generally prefer to be in state court. In this case, the relevant state laws allow for punitive damages, unlike ERISA.

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