John Hancock

The team of Deborah Newey and Gina Vallee made the distribution of employee stock ownership plan (ESOP) funds a success when the company was sold.
John Hancock, Deborah Newey and Gina Vallee.
John Hancock, Deborah Newey and Gina Vallee.
  • Client
    Dynetics
  • Client Headquarters
    Huntsville, Alabama
  • Industry
    Aerospace/defense/engineering
  • Plan Assets/Participants
    $1.1B/3,853

BIOS: Deborah Newey, client service manager, joined John Hancock in 2014 and has worked in financial services since 2004. She earned both a bachelor’s and a Master of Fine Arts from the University of Connecticut. Gina Vallee, strategic communications consultant, has more than 21 years of experience in the financial services industry.


Dynetics, an applied science and information technology firm, picked a bad time to sell its company: January 2020.

“Our ESOP [employee stock ownership plan] had to be terminated and the shares liquidated and distributed to participants,” recalls plan administrator Linda Parker of Dynetics. “Within about a month of the company being sold, the John Hancock team’s recordkeeping, communications and financial administration had the employee distribution period opened.”

Parker explains that Deborah Newey, client service manager, was responsible for the administration of employee accounts. And Gina Vallee, strategic communications consultant, was responsible for participant communication.

Despite the onslaught of the pandemic, Newey and Vallee ensured the distribution of the ESOP funds accurately, without any issues.

“The level of detail that the team members contributed cannot be covered here, and neither can the contributions made to this effort by the behind-the-scene team members,” Parker adds.

Lee Barney

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