The two companies will handle all of the plan administration.
Fees and investment lineup are the primary motivators in the decision to keep or replace a recordkeeper.
Retirement plan industry leaders discuss practical solutions for retirement plan sponsors.
“We sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan with four different recordkeepers.
The acquisition of New York Life Retirement Plan Services widens John Hancock’s breadth of solutions for retirement plans.