BOSTON, Oct. 15, 2015 /PRNewswire/ -- John Hancock Retirement Plan Services (JHRPS) has created an annual national day of recognition for third party administrators (TPAs), highlighting the contributions they make to the retirement plan business. The day will be celebrated on the first business day after the form 5500 filing deadline, which this year is October 16th.
"Today is about showcasing the value and expertise that TPAs deliver to the industry every day," said Ann Slotwinski, vice president, TPA Services, JHRPS. "We wanted to create a day to express our gratitude and to thank TPAs for their ongoing partnership."
To promote National TPA Day, John Hancock created a trade advertisement campaign among other activities. To view a sample ad, click here. John Hancock will also mark the day with additional activities and programs in support of the terrific value and expertise being delivered by TPAs.
Financial advisors, plan sponsors and recordkeepers like JHRPS rely on the expertise of TPAs, particularly in regard to: designing customized plan solutions to improve outcomes for participants; offering compliance expertise in order to ensure ongoing plan compliance obligations are met and providing best-in-class customer service and administration to help with retention and keeping plan sponsors informed on legislative and regulatory change.
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 C$883 billion (US$708 billion) as at June 30, 2015. 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 Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York are collectively referred to as "John Hancock".
Group annuity contracts and recordkeeping agreements that 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, NY. Product features and availability may differ by state.
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SOURCE John Hancock Financial