Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Pension Plan Administrator

DeMars Pension Consulting Services, Inc.
(Overland Park KS)

DeMars Pension Consulting Services, Inc. logo

Strategic Relationship Manager

401K Generation, Inc.
(Altamonte Springs FL)

401K Generation, Inc. logo

Senior Retirement Plan Administrator

TPS Group
(Remote / Buffalo NY)

TPS Group logo

Retirement Plan Consultant

The MandMarblestone Group, llc
(Remote / Philadelphia PA)

The MandMarblestone Group, llc logo

Retirement Plan Consultant

DWC - The 401(k) Experts

DWC - The 401(k) Experts logo

Senior Retirement Account Representative

Ohio Pension Services
(Akron OH)

Ohio Pension Services logo

Retirement Plan Administrator +

Steidle Pension Solutions
(Remote / NJ / PA)

Steidle Pension Solutions logo

Retirement Plan Consultant

Cetera Retirement Plan Specialists

Cetera Retirement Plan Specialists logo

Director, Business Development

National Benefit Services, LLC
(Remote / West Jordan UT)

National Benefit Services, LLC logo

DC Plan Administrator

Farmer & Betts, Inc.
(Remote / Tacoma WA / CO / OR)

Farmer & Betts, Inc. logo

Sr. Benefits Plan Administrator

The Catholic Diocese of Arlington
(Arlington VA)

The Catholic Diocese of Arlington logo

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

Press Releases by Date   |   Press Releases by Company Name

View More Press Releases by John Hancock

Press Release

John Hancock Retirement Expands Advice Program to All 401(k) Plans

Issued by John Hancock

Apr. 15, 2021

BOSTON, MA, April 15, 2021 - John Hancock Retirement announced today it is expanding its Personalized Retirement Advice (Retirement Advice) program to include all defined contribution plans. Retirement Advice is fully integrated into John Hancock's online experience for all eligible participants, connecting a participant's accounts with the program to deliver personalized advice.

"In the most recent John Hancock Financial Stress survey, 87% of workers say that having their retirement savings professionally managed would have a significant impact on how prepared they feel for retirement," said Lynda Abend, chief data officer, John Hancock Retirement. "As 2020 was one of the most challenging years most people will experience, the expanded and enhanced Retirement Advice program is not only timely but a great solution for participants who want help in making the most of their retirement savings and the peace of mind that comes with partnering with a professional."

Understanding more investors are interested in receiving advice for their retirement plan, John Hancock will now be extending this benefit to all 401k participants and making it available to over 45,000 plans. 

In addition to making Retirement Advice available to all their 401k plans, John Hancock is also launching a new online experience to deliver personalized recommendations to all eligible participants. Integrated into the plan website, it delivers personalized income projections and recommendations to help participants to see where their savings stand today — and where it could be in the future — with professional management. Participants can also view recommended risk levels and asset allocations prior to signing up for the program.

Retirement Advice is designed to help individuals looking for ongoing professional management of their retirement savings account, and helps investors get and stay on track for a more secure retirement. Using Morningstar Investment Management LLC's independent analysis, Retirement Advice creates a customized mix of investments from the retirement plan's fund lineup. This mix is personalized based on unique factors such as age, current savings, estimated Social Security benefits, and out-of-plan assets, including those of a spouse or domestic partner, if added.

"Retirement Advice gives participants a personalized and comprehensive strategy for their savings and investment needs," added Jack Barry, head of product development and strategy, John Hancock Retirement. "We are excited to bring this great experience to our participants and enable more of them than ever to get the support they are looking for to help make the most of their retirement savings." 

About John Hancock Retirement 
John Hancock Retirement is the U.S. retirement business of Manulife Investment Management. For nearly 50 years, we've helped people plan and invest for retirement; today, we're one of the largest full-service providers in the United States. We take a hands-on consultative approach based on the idea that no two plans - and no two plan participants - are exactly alike. We partner with plan sponsors, advisors, and third-party administrators to ensure that every plan is personal to the participant and delivers results.

As of December 31, 2020, John Hancock serviced over 51,000 retirement plans with over 3 million participants and over $205 billion in AUMA.

View More Press Releases by John Hancock

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2021, Inc.