Why are we moving to JPMorgan? Did AEP feel that the prior vendor was managing the funds poorly?
No. AEP realized this was an opportunity to make a good plan even better. With the conversion to JPMorgan, we will provide a wider array of investment options and enhanced retirement savings and planning tools. We are also implementing the Roth 401(k) feature and introducing a self-directed mutual fund window that allows participants to invest in over 7,000 mutual funds.
