Kravitz Takes on JPMorgan Cash Balance Plan Business

Kravitz, provider of cash balance pension plans, announced it has completed the acquisition of the MaxPlan retirement plan business from JPMorgan Retirement Plan Services.

The entire book of business, approximately 130 cash balance relationships, will transition over to Kravitz during the next two months, according to a release. Kravitz currently administers over 1,000 plans with over $4.5 billion in assets.

“We are very pleased with the strategic acquisition of this book of business, which enhances our core competency as a pioneer and leader nationwide with cash balance plans,” said Dan Kravitz, president, Kravitz, in the release.