J.P. Morgan Asset Management is advocating a fundamentally different approach to defined contribution plans by stripping down offerings and complexities to a menu of just three choices: a diversified stock portfolio, a diversified bond portfolio and one offering diversified cash alternatives.

The approach, which J.P. Morgan is calling Core Menu Innovation (CMI), “represents our thinking on how to help Americans achieve a more financially sound retirement,” said Michael Falcon, head of retirement at J.P. Morgan Asset Management. “The 401(k) plan is the primary retirement savings vehicle for most Americans today, so it’s critical that we help participants make better investment decisions.”

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