JPMorgan Retirement Plan Services includes approximately 200 clients with nearly 1.9 million participants and $167bn in assets.
Addtionally, the business comprises over 1,000 personnel affiliated with JPMorgan Retirement Plan Services, including sales staff, consultant relations, relationship managers and client service specialists.
The takeover, which is likely to conclude during the third quarter, after obtaining concerned regulatory approval, will boost Great-West Financial’s participant base to 6.8 million and its retirement services recordkeeping assets to $387bn.
Great-West Financial is a registered mark of Great-West Life & Annuity Insurance Company. Headquartered in metro Denver, Great-West Financial administers $243.5bn in assets for its 5.4 million retirement, insurance and annuity customers.
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