J.P. Morgan Asset Management has launched Price Smart, a new digital solution that provides advisers with the ability to instantly generate custom 401(k) pricing proposals for clients. It is being offered through Retirement Link, J.P. Morgan’s bundled defined contribution plan offering.

The solution can help advisers identify potential cost savings by showing them three pricing options per plan, both in flat dollars and percentages. It tailors proposals for each plan by showing bundled or third-party administrator (TPA) pricing for multiple scenarios. It also helps plan sponsor clients make informed decisions by customizing additional services.

The information is available securely, 24/7. Advisers can also save and manage proposals online to make updating quick and easy.

“Our new Price Smart solution, offered through Retirement Link, allows advisers to instantly generate customized pricing proposals to identify potential cost savings and enable clients to make more informed decisions,” says Michael Miller, head of retirement distribution at J.P. Morgan Asset Management. “Retirement Link harnesses the breadth of J.P. Morgan’s investment expertise and thought leadership to help advisers build more robust plans at lower costs. We remain focused on exploring opportunities to enhance our Retirement Link system to better address the needs of organizations with assets from $500,000 to over $100 million, and the launch of Price Smart is testament to this commitment.”

Advisers can learn more about Price Smart here: www.jpmorgan.com/pricesmart.