J.P. Morgan/American Century Retirement Plan Services and Towers Perrin have entered into a partnership to provide bundled defined benefit and defined contribution plan services.
J.P.Morgan/American Century will provide defined contribution administration and investments, and Towers Perrin will provide defined benefit administration and record keeping. Fees will be paid out of plan assets with revenue-sharing agreements between the companies, said Jeff Garrity, chairman of J.P. Morgan/American Century.
