The Retirement Plan Summary Plan Description JPMorgan …

1 The Retirement plan Summary plan Description JPMorgan chase January 1, 2019 This Summary plan Description applies only to employees who were hired before December 2, 2017 and have a cash balance account in the JPMorgan chase Retirement plan as of December 31, 2018 (and certain rehires after December 31, 2018). The Retirement plan The JPMorgan chase Retirement plan (the plan or Retirement plan ) is fully paid for by JPMorgan chase and provides a foundation for your Retirement income. As discussed in greater detail below, the plan is now frozen and closed to new entrants.

2 Prior to the freeze, participation in the Retirement plan was automatic once you completed one year of total service. Your Retirement plan benefit is expressed as a cash balance benefit that grows in a notional bookkeeping account over time through pay credits and interest credits. For each month you work at JPMorgan chase while eligible for the plan through December 31, 2019, the company will credit your account with a percentage of your Eligible Compensation from 3% to 5%, depending on your completed years of service.

3 Your account also grows each month with interest credits. And because your plan benefits are portable, you can take your vested Retirement plan benefits with you when you leave JPMorgan chase . Update: Your Summary plan Description for the JPMorgan chase Retirement plan (Replaces the January 1, 2016 Summary plan Description ) This document is your Summary plan Description of the JPMorgan chase Retirement plan . This Summary plan Description provides you with important information required by the employee Retirement Income Security Act of 1974 (ERISA) about the Retirement plan .

4 While ERISA does not require JPMorgan chase to provide you with benefits, it does mandate that JPMorgan chase clearly communicate to you how the Retirement plan operates and what rights you have under the law regarding plan benefits. The Department of Labor requires JPMorgan chase to routinely provide benefits plan summaries to plan participants. Please retain this information for your records. This document does not include all of the details contained in the applicable insurance contracts, plan documents, trust agreements, and other governing documents.

5 If there is a discrepancy between the official plan documents and this Summary , the official plan documents will govern. Copies of actual plan documents are available upon request. Be sure to read the plan Administration section on page 26 for more important details about the plan and this Description , and for reference to the official plan documents. Effective 1/1/19 The Retirement plan 1 plan Freeze No Future Accruals in the plan The plan has been frozen, with the freeze taking effect in two stages: 1. Closed to new entrants: Effective as of December 1, 2018, the plan was closed to new entrants.

6 As a result, if you had not yet entered the plan as of such date, you will not be permitted to do so. This Summary plan Description applies only to employees who were hired before December 2, 2017 and have a cash balance account in the plan as of December 31, 2018 (and certain rehires after December 31, 2018). 2. No Future Pay Credits: Participants who entered the plan on or before December 1, 2018 will continue to receive pay credits for eligible compensation earned and eligible service performed through December 31, 2019.

7 The plan will not provide pay credits for compensation earned or service performed following this date. Participants with existing cash balance accounts under the plan will continue to receive interest credits in accordance with plan terms. The JPMorgan chase Benefits Program is available to most employees on a payroll who are regularly scheduled to work 20 hours or more a week and who are employed by JPMorgan chase & Co. or one of its subsidiaries to the extent that such subsidiary has adopted the JPMorgan chase Benefits Program.

8 This information does not include all of the details contained in the applicable insurance contracts, plan documents, and trust agreements. If there is any discrepancy between this information and the governing documents, the governing documents will control. JPMorgan chase & Co. expressly reserves the right to amend, modify, reduce, change, or terminate its benefits and plans at any time. The JPMorgan chase Benefits Program does not create a contract or guarantee of employment between JPMorgan chase and any individual.

9 JPMorgan chase or you may terminate the employment relationship at any time. The provisions in this Summary plan Description generally apply to individuals actively participating in the Retirement plan as of December 31, 2018, and reflects provisions of the current plan as well as provisions of heritage Retirement plans that may still be effective. (If you participated in a Retirement plan of a heritage organization, please see the appropriate appendix(ces) in the back of this Retirement plan section for special provisions that may apply.)

10 If you were not an active participant on December 31, 2018, please refer to previous Summary plan descriptions available through the accessHR Contact Center. Please also see below Contact Information and Additional Resources and Contact Information on page 3, and the plan Administration section on page 26 which also apply to you. Contact Information By Telephone For questions about the plan , contact the accessHR Contact Center: (877) JPMC hase ((877) 576-2427) If calling from outside the United States: (212) 552-5100 Representatives are available Monday through Friday, from 8 to 8:30 Eastern time, except certain holidays.