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Ten years after passage of the Pension Protection Act, JPMorgan Asset Management argues that many defined-contribution plan participants are no better off than before the act. In a paper released last month, JPMorgan made the case for plan sponsors to implement re-enrollment initiatives to address improperly allocated accounts.

“It’s important not to underestimate the damage that can be caused by inappropriate asset allocation by DC plan participants,” Anne Lester, head of retirement solutions for J.P. Morgan Asset Management, said in a statement. “Re-enrollment is one action plan sponsors can take that can quickly help move the needle toward better retirement outcomes for plan participants.”

 

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