JP Morgan Sells KC-Area Retirement Recordkeeping Service Company

JPMorgan Chase & Co. announced the sale of its Overland Park, Kan.-based retirement services business to Great-West Financial, which plans to keep the 1,000-employee business intact.

The J.P. Morgan unit provides a broad array of recordkeeping services to more than 200 clients and 1.9 million participants with about $167 billion in 401(k) retirement assets. Pending regulatory approval, the deal will make Denver-based Great-West Financial the second-largest recordkeeper of 401(k)-type retirement plans.

Read more from the Kansas City Star and the Kansas City Business Journal


Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students