John Hancock Changes How 401(k) Plans Are Priced
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In 2013, John Hancock launched the JH Enterprise platform which employs innovative technology to allow revenue sharing to be allocated so that all participants share plan costs equitably, in an open architecture, mutual fund based retirement plan.
"The response to JH Enterprise and specifically, interest in our ability to give plans the means to ensure a fair allocation of plan expenses among participants, has been tremendous," said
This sentiment is echoed by
"We think this is a huge step forward," said Gordon. "We see this as another example of John Hancock continuing to lead the industry by putting the participant first."
About John Hancock Financial and
John Hancock Financial is a division of
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in
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SOURCE John Hancock Retirement Plan Services