JPMorgan Chase & Co. (JPMorgan) filed its annual Form 11-K report with the SEC for the fiscal year ended December 31, 2023. The report includes financial statements audited by Meaden & Moore, Ltd., who expressed an unqualified opinion on the fair presentation of the financial statements. The audit report confirms that the JPMorgan Chase 401(k) Savings Plan's financial statements present fairly the net assets available for benefits and changes in net assets available for benefits in conformity with U.S. GAAP. The Plan's assets include equity securities, corporate debt, U.S. government securities, mortgage-backed securities, collective investment funds, synthetic guaranteed investment contracts, participant notes receivable, and derivatives. The Plan's total investments, including notes receivable from participants, amounted to $43,140,464,157. The Plan...Show More

JPMorgan Chase & Co. (JPMorgan) filed its annual Form 11-K report with the SEC for the fiscal year ended December 31, 2023. The report includes financial statements audited by Meaden & Moore, Ltd., who expressed an unqualified opinion on the fair presentation of the financial statements. The audit report confirms that the JPMorgan Chase 401(k) Savings Plan's financial statements present fairly the net assets available for benefits and changes in net assets available for benefits in conformity with U.S. GAAP. The Plan's assets include equity securities, corporate debt, U.S. government securities, mortgage-backed securities, collective investment funds, synthetic guaranteed investment contracts, participant notes receivable, and derivatives. The Plan's total investments, including notes receivable from participants, amounted to $43,140,464,157. The Plan also reported delinquent participant contributions totaling $5,082,451.69 for the year 2023, which have been fully corrected. The report includes a schedule of loans or fixed income obligations in default or classified as uncollectible, with two entries related to Lehman Brothers Holdings totaling $550,000, which remain uncorrected. The Plan reserves the right to amend, modify, or terminate at any time, and is subject to ERISA and the Internal Revenue Code.