BOSTON, Oct. 25, 2016 /PRNewswire/ -- John Hancock Retirement Plan Services today announced the introduction of JH Target Date PathFinder – a tool designed to assist advisors servicing the 401(k) market to compare and analyze the Target Date suites offered on the JH Signature platform.
"The challenge associated with selecting a Target Date suite has increased significantly in recent years, as the number of products, and the differences between them, have grown. Today, John Hancock offers nine suites from a range of investment managers including John Hancock, American Funds, T. Rowe Price, Vanguard, BlackRock, American Century and JP Morgan. John Hancock recordkeeping costs are completely independent of the investments selected, ensuring that the selection of a particular suite is driven by how well its design and risk/return characteristics align with the needs of plan participants. We wanted to provide advisors with an interactive tool to assist with this analysis, particularly in light of the recent expansion of our target date lineup" said Patrick Murphy, President, John Hancock Retirement Plan Services.
JH Target Date PathFinder was designed to support both those who would like assistance navigating through the investment options with the inclusion of interactive questions, and those who quickly want to delve into the data.
The new website combines interactive glide path functionality with quantitative data and a customized Summary Report that documents the evaluation process. The report which was developed to align closely with the Department of Labor's "Target Date Fund – Tips for ERISA Plan Fiduciaries" can then be shared with the plan sponsor to support them with their fiduciary duties.
JH Target Date PathFinder is accessible to all advisors registered through www.jh401kadvisor.com
About John Hancock RPS Signature Investment Platform
JH Signature currently offers access to an unbiased investment platform with a wide range of carefully selected investment choices that are independent of revenue generated from the investments. Our customized solutions have made John Hancock one of the largest full-service providers of 401(k) plans across all plan sizes.1
1 PLANSPONSOR Magazine, Defined Contribution Record Keeper Survey, 2016
About John Hancock Financial and Manulife
John Hancock Financial is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Assets under management and administration by Manulife and its subsidiaries were $934 billion (US $718 billion) as at June 30, 2016. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com. The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com
About John Hancock Retirement Plan Services
As of June 30, 2016, John Hancock Retirement Plan Services serviced over 57,000 plans with over 2.7 million participants and over $137.8 billion in AUMA.
As of June 30, 2016, John Hancock Life Insurance Company (USA) supported 43,787 plans, 1,619,408 participants, and $77,118,688,000 in AUMA. John Hancock Life Insurance Company of New York supported 2,410 plans, 72,453 participants, and $4,208,061,000 in AUMA. John Hancock Retirement Plan Services, LLC supported 10,808 plans, 1,050,014 participants, and $56,540,684,000 in AUMA. Approximate unaudited figures for John Hancock Retirement Plan Services division, provided on a U.S. statutory basis.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/john-hancock-introduces-jh-target-date-pathfinder---on-line-tool-for-advisors-300350521.html
SOURCE John Hancock Retirement Plan Services