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. And 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.
$141.6B in assets under administration (AUA)
48,731 plans¹
For more information on how we make DC plans work, please contact your John Hancock representative.
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.
$11.7B in AUA
1,273 plans
For more information on how we make DB plans work, please contact your John Hancock representative.
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
And, we support our plans with actuarial expertise for overall pension risk management by providing:
- Risks analytics
- Asset/liability modeling
- Forecasting and budgeting, and
- Merger and acquisition support
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.
$520M in AUA
109 plans
For more information on how we make nonqualified plans work, please contact your John Hancock representative.
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.
$25.3B in AUA
115 plans
For more information on how we make Taft-Hartley plans work, please contact your John Hancock representative.
Our dedicated Taft-Hartley team will work with you to design and support your program, whether you have a defined benefit plan, defined contribution 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 12/31/19. 2 “2018 Defined Contribution Recordkeeper Survey,” PLANSPONSOR, 2018. 3 “2018 Spotlight Awards,” Global Communications Competition, Participant Engagement, League of American Communications Professionals LLC (LACP), 2018.