John Hancock to Offer 401(k) Rollover Option

July 9, 2007 ( - 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.

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. .

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