WASHINGTON — Five global banks, including JPMorgan Chase & Co. and Citigroup Inc., can continue managing corporate retirement plans in the wake of recent guilty pleas to criminal charges, under new waivers announced by the Trump administration on Thursday.

The waivers, set by the Labor Department, are the latest fallout of the banks’ criminal convictions in market-manipulation schemes, which the firms collectively paid billions of dollars to settle in recent years. Without the waivers, the banks’ asset-management units would have been disqualified from managing retirement plans under U.S. law, even though the misconduct in question occurred in other areas of each of the banks.