John Hancock Retirement Plan Services Offers Partnership Program for Retirement Plan Consultants

Program Defrays Costs of Services Associated with Transferring Retirement Plan Business

PR Newswire

BOSTON, Sept. 19, 2013 /PRNewswire/ -- John Hancock Retirement Plan Services (RPS) today announced the John Hancock Partnership Program which will provide plan consultants (third party administrators or TPAs) with a one-time payment to help defray the costs incurred by a plan for services associated with its transfer or administration.

For every new plan that closes between September 16, 2013 and December 27, 20131, John Hancock RPS will pay the plan's TPA according to the following scale:

Plan Size2

Payment

0 - $250,000

$400

$250,001- $1,000,000

$800

Over $1,000,000

$1,200

"We believe a team approach can provide the best possible solutions for creating a healthy and successful retirement plan. TPAs are key members of that team," said Ann Slotwinski, vice president, director of TPA services, John Hancock RPS. "This program further reinforces the great working relationship we have with plan consultants."

John Hancock RPS is one of the nation's largest full service providers to 401(k) plans across a wide range of industries and plan sizes.3 Its mission is to provide accessible, engaging, innovative and useful retirement solutions, helping participants to enjoy a better, financially secure future.

"Our commitments to the marketplace are that we're easy to do business with, and we make plans work," said Art Creel, head of national sales at John Hancock RPS. "The John Hancock Partnership Program is a further demonstration of our dedication to those commitments, and the value that we offer as a leader in the 401(k) marketplace."  

About John Hancock Financial and Manulife Financial
John Hancock Financial is a division of Manulife Financial, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife Financial in Canada and Asia, and primarily as John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were C$567billion (US$539 billion) as at June 30, 2013. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.

John Hancock Life Insurance Company (U.S.A.) (not licensed in New York), and John Hancock Life Insurance Company of New York are collectively referred to as "John Hancock RPS".

Both John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York do business under certain instances using the John Hancock Retirement Plan Services name. Group annuity contracts and recordkeeping agreements are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02210 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595. Product features and availability may differ by state. John Hancock Investment Management Services, LLC, a registered investment adviser, provides investment information relating to the contracts.  Plan administrative services may be provided by John Hancock Retirement Plan Services LLC or a plan consultant selected by the Plan. 

NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT INSURED BY ANY GOVERNMENT AGENCY

© 2013  All rights reserved

1 Applicable to new plans with a signed recordkeeping agreement received by December 27th, 2013 AND transfer received and allocated by March 31, 2014.

2 Plan size based on actual transfer amount and estimated recurring contributions for the first 12 months of the contract.

3 PLANSPONSOR 2013 Defined Contribution Recordkeeping Survey ©2013 Asset International Inc.

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