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Products July 9, 2007
John Hancock to Offer 401(k) Rollover Option
July 9, 2007 (PLANSPONSOR.com) - John Hancock
retirement plan participants will soon be able to use an
option that allows them to roll their 401(k) account balances
over from an employer-sponsored plan to another retirement
account.
Reported by Adrien Martin
According to a company press release, participants who are leaving their employer-sponsored plan will be able to choose from a roster of John Hancock mutual funds and portfolios, with John Hancock’s Lifestyle Portfolios being a key component.
The new program will include strategic rollover communications, a licensed call center, and a Web site.
The option will be available to participants in the fourth quarter of 2007, according to the announcement. .
For more information visit http://www.jhrps.com/us/ .