John Hancock Solutions

We are pleased to offer a 3(16) solution tailored to the John Hancock group annuity product.  This product offering is intended to complement the John Hancock group annuity product and provide employers with a more comprehensive solution.  We offer two levels of service with the John Hancock product.

Basic Fiduciary Services

This product offering includes the following services:

  • Serve as loan and distribution manager for the plan including taking on signing authority for loans and distributions.
  • Monitor for loan defaults
  • Monitor for cash-outs
  • Search for missing participants
  • Send terminated participant’s their distribution package
  • Review the vesting upload file by the third party administrator
  • Review of non-discrimination testing prepared by third party administrator
  • Coordination with John Hancock and the plan’s third party administrator

Partner Fiduciary Services

This product offering includes everything in the Basic Fiduciary Service package plus the additional services:

  • Quarterly reconciliation of payroll records and actual contributions received by record-keeper
  • Review and sign Form 8955-SSA
  • Review and sign Form 5500-SF or review of Form 5500

Custom Services

We are also are available to price custom services to meet the needs of particular plan sponsors.  Please contact us for additional information.