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.
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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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