JPMorgan Fleming Completes Mitsubishi Motors Conversion

Mitsubishi Motors North America (MMNA) Successfully Converts DC Plan Assets

NEW YORK, Nov. 18 -- JPMorgan Retirement Plan Services, who was selected by Mitsubishi Motors North America as its new service provider when it consolidated its North American operations last January, has recently completed the company's conversion that began in June.

Winning With An "Audience of One"

"We are pleased to have been selected as MMNA's defined contribution service provider," says Tom Kmak, Chief Executive Officer of JPMorgan Retirement Plan Services. "The fit here is very good," says Kmak. "Our 'Audience of One' approach to defined contribution servicing engages plan participants by providing personalized communications and advice."

"Our employee base is incredibly diverse. With over 4600 plan participants working in manufacturing, sales, finance and R&D, we needed a vendor that could meet each employee at their point of need," said Maria Beane, MMNA Benefits Manager.

"JP Morgan truly dedicated their time and effort during the plan conversions resulting in a very successful transition. They have also dedicated a very committed and talented team to support us in the on-going administration of our plans," said Beane.

Raising The Bar

JP Morgan was selected by Mitsubishi Motors for many reasons: flexibility to customize solutions, strong fit with the client service team, enhanced communications -- such as broad Internet support for participants and retirement planning tools, a personalized call center and competitive pricing.

About JPMorgan

JPMorgan Retirement Plan Services provides bundled defined contribution services and investment options to 170 corporate clients, representing more than 800,000 retirement plan participants. The business unit administers plan assets of $47 billion. Through alliances with other best-in-class providers, JPMorgan Retirement Plan Services integrates services for defined contribution, defined benefit, deferred compensation and stock-based compensation plans. Its client list includes top-tier firms such as Procter & Gamble, International Paper and Newell Rubbermaid. The organization was founded in 1998 and for the past five years operated as a business partnership between JPMorgan and American Century Investments. On June 1, 2003 JPMorgan assumed sole ownership of the firm, which employs more than 700 people and is headquartered in Kansas City, MO.