BOSTON, Aug. 22, 2017 /PRNewswire/ -- John Hancock Retirement Plan Services has named Nick McParland national sales manager, Mid, Large and Taft-Hartley Markets, effective September 1. He will be responsible for sales of mid, large and Taft-Hartley retirement plans nationally and managing 10 regional vice presidents.
McParland has been with John Hancock Retirement Plan Services since 2013, most recently responsible for new business sales and relationship management across the country in the Taft-Hartley area. The Taft-Hartley team will report to Scott Francolini, senior vice president of strategic relationship management, until McParland's successor is named.
Before joining John Hancock, McParland was director of Institutional Services at Intercontinental Real Estate and was responsible for raising capital for private equity real estate and hedge fund of funds from institutional investors. Before that, he held various positions at other financial organizations with responsibilities ranging from institutional sales to relationship management.
"Nick has shown leadership and ability serving the mid and large market and we're excited to have him take on this important role as we continue to expand our presence in this market," said Bob Carroll, vice president and head of national sales, John Hancock Retirement Plan Services.
McParland earned a bachelor's degree in economics from St. Lawrence University.
John Hancock is a leader in the retirement plan services marketplace, servicing more than 57,000 plans and helping more than 2.7 million participants1, making it one of the largest full-service providers of 401(k) plans across all plan sizes2.
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 over $1 trillion (US$754 billion) as at June 30 2017. 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
John Hancock Retirement Plan Services
1: As of June 30 2017, John Hancock Retirement Plan Services serviced 57,939 (OR over 57,000) plans with 2,787,345 (OR over 2.7 million) participants and $155,224,190 (OR over $150 billion) in FUM Assets.
As of June 30 2017, John Hancock Life Insurance Company (USA) supported 44,769 plans, 1,614,185 participants, and $ 84,507,995,000 in FUM Assets. John Hancock Life Insurance Company of New York supported 2,442 plans, 73,875 participants, and $ 4,699,765,000 in FUM Assets. John Hancock Retirement Plan Services, LLC supported 10,728 plans, 1,099,285 participants, and $66,016,430,000 in FUM Assets. Approximate unaudited figures for John Hancock Retirement Plan Services division, provided on a U.S. statutory basis.
2: 2016 PLANSPONSOR Magazine Recordkeeper Survey (YE 2015 data); June 2016. Data for this survey was collected in early 2016 and represents year-end 2015. Sixty DC providers responded representing the insurance, mutual fund and payroll industries.
John Hancock Life Insurance Company (U.S.A.) (John Hancock USA), John Hancock Life Insurance Company of New York (John Hancock New York), and John Hancock Retirement Plan Services, LLC are collectively referred to as "John Hancock".
John Hancock Retirement Plan Services, LLC offers administrative or recordkeeping services to sponsors and administrators of retirement plans. John Hancock Trust Company LLC provides trust and custodial services to such plans.
John Hancock Retirement Plan Services, LLC, Boston, MA 02210.
MGTS-I 34390-GE 08/17-34390
SOURCE John Hancock Retirement Plan Services