The COVID-19 pandemic has increased financial stress

 

In our seventh annual financial stress survey, we’ve learned how the pandemic is affecting retirement plan participants and plan sponsors.

View more of our survey results

  • Financial stress grew from 39% before the pandemic to 62% during the pandemic

     

  • The cost of financial stress to employers went up 15% compared to 2019

  • 73%

    of participants are worried about not saving enough for retirement

  • Financial wellness programs help reduce financial stress and increase employee loyalty.

Tips for handling market volatility

Whether you have a John Hancock retirement plan or not, we can help you educate participants about the ups and downs of the stock market.

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We’re waiving recordkeeping fees for new 401(k) plans

We understand that the pandemic has made a lot of things harder for small businesses—including moving your retirement plan. So, we're doing what we can to help make that a little easier. 

We’ll waive Q1 2021 recordkeeping fees for all new 401(k) plans that sign on by December 31, 2020. To find out if your plan is eligible, please contact your John Hancock representative.

Read more about our recordkeeping fee waiver

COVID 19: Working through change

Help managing your business and your retirement program through the changes brought about by the COVID-19 outbreak.

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A closer look at the 2020 elections

John Hancock Investment Management examines the stakes in November and the potential implications for the markets

Read about the election on jhinvestments.com

Trending viewpoints 

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State of the participant 2020 

Our annual look at participant retirement readiness with actions you can take to help them through plan design and engagement

Access our analysis

Global Intelligence

Our 2H 2020 outlook

Our investment teams examine how COVID-19 is reshaping the global economy, and identify opportunities and risks emerging from the dislocation.

View now

Calculate the cost of financial stress

See how much financial stress may be costing your organization, and learn about our personalized approach to financial wellness 

Calculate

Financial professionals

Find your local John Hancock retirement representative