Viewpoints from John Hancock Retirement
As one of America’s most trusted financial brands, we believe everyone deserves the tools and guidance to achieve financial wellness and retire with confidence. We’ve made retirement plans work for nearly 50 years, and today we’re one of the largest full-service providers in the industry.
At John Hancock, we make retirement plans work.
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IRS guidance for the CARES Act is worth the wait
Notice 2020-50 clarifies treatment of coronavirus-related distributions (CRDs) and explains increased loan limits and suspension of loan repayments.
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How COVID-19 has affected retirement plan sponsors and participants—our July update
The dichotomy of the stock market performance and unemployment in July set the stage for the uneven impact of the pandemic on both businesses and people, as we see in a July survey of our retirement plan sponsors and in our participant data.
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IRS provides relief and other guidance on 2020 required minimum distributions
Learn about recent RMD relief and guidance from the IRS.
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IRS provides guidance on midyear changes to contributions to 401(k) safe harbor plans
Get the facts about the IRS’s guidance on midyear changes to 401(k) safe harbor contributions.
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How a Paycheck Protection Program loan can help your small business clients
How small businesses can use Paycheck Protection Program loans to make 401(k) contributions
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Retirement plans in June continued to reflect the ups and downs of the economy
Since the pandemic kicked off market volatility in February, the economy has been on a rollercoaster ride. We continue to watch the actions our retirement plan participants are taking to gauge the impact the changing economy is having on them, so we can try to help them with timely and targeted engagement.
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Actions taken by retirement plan participants reflect May’s mixed bag of news
In May, we saw that most participants are staying the course. But those who’ve been affected by the pandemic are finding some relief in the CARES Act.
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Evidence-based ideas for a 401(k) plan design upgrade
John Hancock’s 401(k) data reveals plan-level progress under way and sets clear direction for future improvements.
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IRS relaxes rules for obtaining spousal consent for 2020
IRS Notice 2020-42 creates a remote notarization process for retirement plan transactions that require spousal consent. This helps solve problems related to social distancing and COVID-19.
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Unions and Taft-Hartley retirement plans show their value in tough times
The COVID-19 pandemic has brought an era of constant change. Initial concern about market volatility in the early days of the pandemic in the United States gave way as concern about illness and job security took over. Since the CARES Act took effect, retirement plan participants have had access to some temporary financial relief. We took a look at our Taft-Hartley retirement plan participants to see what actions union members are taking amid the uncertainty.
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