Retirement plans

 

Whether you’re just starting up a new retirement plan or you’re a Fortune 500 company with a robust program, offering a retirement benefit can be challenging



At John Hancock, we’ll help you choose the right retirement program and service solution for your organization. We’ll collaborate with your business partners to help you navigate the risks and complexities of plan sponsorship while helping participants make the most of this valuable benefit.

 

Defined contribution plans

We know there’s no such thing as a one-size-fits-all retirement plan. For almost five decades, we’ve worked with plan advisors, sponsors, and consultants to help design, deliver, and service the defined contribution (DC) plan for their organization.

We make your job easier by providing a dedicated contact for implementation and for the daily running of your plan, whether it has 10 participants or 10,000. Recognized for our best-in-class service and support,2 we offer flexible service models to meet your needs by working with your plan consultant or with one of ours. You’ll have the support of our streamlined administrative solutions, fiduciary services, broad investment platform, and insightful plan reporting. We’ll provide you with the tools you need to do your job, and we’ll check in with you often to make sure we’re doing ours.

Your participants will have access to our award-winning communications and tools³ to help them manage their financial wellness on their way to and through retirement

Defined benefit plans

A defined benefit (DB) plan can help employers of all sizes attract and retain talent. With decades of DB and actuarial experience, we can help plan sponsors manage the additional complexity, responsibility, and risk that come with offering a DB plan. If you have multiple John Hancock plans, we’ll provide you with a single point of contact for all your plans, as well as single sign-on for our plan sponsor and participant websites.

We offer a variety of DB plans, including traditional and hybrid

Traditional DB plans 

  • Active and accruing
  • Closed
  • Frozen

Hybrid plans 

  • Cash balance
  • Pension equity plans

We support our plans with actuarial expertise for overall pension risk management by providing:

  • Risk analytics
  • Asset/liability modeling
  • Forecasting and budgeting
  • Merger-and-acquisition support

Jeff Kobs

AVP, Head of Benefits Consulting

Nonqualified plans

A well-designed, nonqualified plan can be a valuable part of an executive benefit program by helping attract and retain key talent. We’ll help you determine the right design, funding, and support solution for your nonqualified plan. We make it easy for you, with a single point of contact for the day-to-day management of all your plans. Likewise, we provide you and your participants with a single sign-on website for all your John Hancock plans.

Your dedicated service team can support a variety of plan
types, features, and funding vehicles

Plans 

  • Nonqualified deferred compensation plans
  • DC supplemental executive retirement plans
  • 457(b) and 457(f) nongovernmental plans

Funding options 

  • Unfunded
  • Open architecture, informally funded with mutual funds, target-date funds, and unitized employer stocks
  • Informally funded with a combination of investment options

Features 

  • Account-based plan design
  • Class-year plan design

Taft-Hartley plans

Every union faces unique challenges when it comes to offering retirement benefits. With decades of experience working with unions and members, our Taft-Hartley team will get to know the needs of your plan, your employers and contractors, and your members to design a plan and engagement program that fits your individual requirements.

Our dedicated Taft-Hartley team will work with you to design and support your program, whether you have a DB plan, DC plan, or both—regardless if it’s member directed or trustee directed. We’ll support your members with a participant experience that’s personalized to their financial wellness and retirement readiness needs, whether they’re an apprentice, journeyman, or preretiree.

We’ll support your members with a personalized participant experience

1 John Hancock, as of 12/31/20. 2 “2020 Defined Contribution Recordkeeper Survey,” PLANSPONSOR, 2020. 3 “2020 Spotlight Awards,” Global Communications Competition, Participant Engagement, League of American Communications Professionals LLC, 2020.