BOSTON, Oct. 18, 2016 /PRNewswire/ -- John Hancock has declared today the second annual National TPA Day®, a celebration the company established last year to recognize the contributions and expertise of plan consultants (often known as third party administrators, or TPAs), and to educate financial advisors and plan sponsors on the many benefits of working with a TPA.
"National TPA Day is an opportunity for us to recognize the unique value, local expertise, and high-touch service TPAs deliver to the industry," said Patrick Murphy, president, John Hancock Retirement Plan Services. "We created this annual celebration to thank TPAs for their ongoing partnership."
Plan consultants (TPAs) offer compliance expertise, helping to ensure ongoing plan compliance obligations are met. They also provide customer service and administration to help with retention, and they keep plan sponsors informed of legislative and regulatory changes.
John Hancock celebrates National TPA Day annually on the first business day following the final Form 5500* filing deadline. This year, the filing deadline fell on Monday, Oct. 17, making today - Tuesday, Oct. 18 - National TPA Day.
To promote National TPA Day, John Hancock created an advertising campaign focused on important trade news sources. To view a sample print ad, click here. Online ads are also appearing today in NAPA Net Daily, PLANADVISER Dash and PLANSPONSOR Newsdash emails, and on the planadviser.com and plansponsor.com home pages.
"As a strong advocate of the TPA model, John Hancock is dedicated to helping sustain and promote the TPA industry," said Ann Slotwinski, vice president, TPA Services, John Hancock Retirement Plan Services. "Financial advisors, plan sponsors, and recordkeepers like John Hancock rely on the expertise of TPAs, particularly when it comes to designing customized plan solutions to improve outcomes for participants."
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 $718 billion (C$934 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.
*Employee benefit plans must file Form 5500 each year to satisfy annual reporting requirements under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code.
John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company of New York and John Hancock Retirement Plan Services LLC are collectively referred to as "John Hancock".
John Hancock Retirement Plan Services, LLC offers plan administrative services and service programs through which a sponsor or administrator of a plan selects various investment options to offer in its retirement plan for investment. John Hancock Retirement Plan Services, LLC does not provide fiduciary investment advice. John Hancock Trust Company LLC provides trust and custodial services to such plans.
Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, New York. Product features and availability may differ by state.
Both John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York do business under certain instances using the John Hancock Retirement Plan Services name.
JH Enterprise® is a registered trademark by John Hancock Life Insurance Company (U.S.A.).
JH Signature™ is a trademark of the Group Annuity Contracts and recordkeeping agreements issued by John Hancock Life Insurance Company (U.S.A.), used under license by John Hancock Life Insurance Company of New York.
NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
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SOURCE John Hancock Retirement Plan Services