All plan information is confidential and you agree to safeguard and protect such information in accordance with the standards required by law and use such information only for authorized plan administration purposes. Use the “Contact Us” link on the site to send a secure question to a Customer Service Representative. In New York, John Hancock Annuities are issued by John Hancock Life Insurance Company of New York, Valhalla, NY 10595. (1), The Coronavirus Aid, Relief, and Economic Security (CARES) Act (3), What questions should I ask about my 401(k)? John Hancock Retirement Plan Services, LLC is also referred to as "John Hancock". You may also visit the link(s) provided below for more information and verification.”. Typically, the interest rate on 401(k) loans is what’s known as the prime rate—currently, 4.75%; depending on plan rules, though, it may be higher. If you take a five-year loan at an interest rate of 5.75% (prime + 1%), your loan balance will be more than 30% less than if you’d left that amount invested and growing at 5%.1 There are other drawbacks: Loans taken during sharp stock market pullbacks can be especially harmful to the future growth of your retirement plan because stocks tend to recover. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York), and John Hancock Life Insurance Company of New York, Valhalla, New York. Loans can be habit forming. This material does not constitute tax, legal or accounting advice and neither John Hancock nor any of its agents, employees or registered representatives are in the business of offering such advice. Go to the following webpage: https://sts.manulife.com/adfs/ls/, https://leplb0280.upoint.alight.com/web/jhancock, 2018 Forbes List: America’s Best Employers, 2020 Best Places to Work for LGBT Equality, American Heart Association: Fit Friendly Worksite. Are retirement plan accounts protected from creditors? View your current health and welfare benefits coverage, View your current 401(k) balance and change contributions, Make fund transfer and investment election changes. Enhancements have been made to the login process. Also, because loan funds aren’t invested, you miss out on potential market appreciation—which can be substantial after a large drop. Unlike loan payments, loan processing fees aren’t repayable—they never go back into your retirement account. 1 These are hypothetical mathematical illustrations only. Android. A health care and/or dependent care spending account. John Hancock Retirement Plan Services • 200 Berkeley Street • Boston, MA 02116 You can revoke your consent to receive emails at any time by using the Unsubscribe link, found at the bottom of every email. John Hancock Life Insurance Company (U.S.A) and John Hancock Life Insurance Company of New York are collectively referred to as “John Hancock”. For optimal viewing, we recommend using the latest version of Chrome, Edge or Safari. For example: “Please visit the official company website directly to verify all benefit options and details.”. John Hancock USA and John Hancock New York each make available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. John Hancock’s online, interactive qualifying tool can help you identify and ultimately close more 401(k) business. If you are an Android user, you may download the RealChoice Benefits app on the Google Play Store. This article will focus on: John Hancock Employee Benefits Login / Register | Benefit Center Phone Number | Careers | My Life Now | 401k, “Please visit the official company website directly to verify all benefit options and details. But there are drawbacks that you should understand and questions that you should ask before you borrow from your retirement plan. Login. locating doctors and hospitals covered by your health benefits, timely resolutions of health care billing and insurance claim disputes, Boston Marathon Employee Training Program, Coaching and training insights from 1983 Boston champion Greg Meyer and additional elite athletes, Social networking opportunities with colleagues, Flex-Time Hours and Flexible Work Arrangements. You’ll repay this amount, plus interest, back into your 401(k) account over time through payroll deduction. If you enroll within your first 31 days of hire, your coverage becomes effective on your first day. NOT BANK GUARANTEED. John Hancock does not provide investment, tax, legal advice. This website has been approved by John Hancock only and may require further approval from a registered representative’s supervising broker/dealer firm, and is intended for professional use only. To contact John Hancock call John Hancock’s Participant Service Center at 1.800.294.3575. Their employees enjoy certain benefits like fathers who get to enjoy up to 2 months’ paternity leave. John Hancock Life Insurance Company (U.S.A.) makes available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. Many 401(k) plans allow loans, and since you don’t need a reason to take a general 401(k) loan, this can be a convenient way to get cash. The higher the interest rate, the higher your monthly payment. John Hancock will not be liable for any damages arising from the use or misuse of this calculator or from any errors or omissions in the same. Get answers to questions about your benefits. John Hancock Investment Management LLC is the investment advisor for the closed-end funds. JH Signature is a trademark of John Hancock Life Insurance Company (U.S.A.) and is used under license by John Hancock Life Insurance Company of New York. Whether you’re living with type 1 or type 2, John Hancock Aspire offers the protection you want and a personalized support program that rewards the steps you take to live a longer, healthier life. John Hancock is an open-architecture recordkeeping platform, which means you and your advisor are able to choose from a huge variety of investment options. John Hancock Life Insurance Company (U.S.A.) makes available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. Depending on how quickly stocks bounce back, your loan repayments may buy shares at higher prices than the prices at which you sold when you borrowed. John Hancock 401k Review: Planning For Retirement. The content of this document is for general information only and is believed to be accurate and reliable as of the posting date, but may be subject to change. © 2019–2020 John Hancock. Statistically, people who’ve borrowed before are more likely to borrow in the future than people who haven’t borrowed at all. Product features and availability may differ by state. The content of this website is for general information only and is believed to be accurate and reliable as of posting date but may be subject to change. Log in to your account to assess your financial wellness, create a budget, track your spending, and yes—figure out how to save more so that when the time comes, you can retire with financial confidence. John Hancock Annuities are issued by John Hancock Life Insurance Company (U.S.A.), Lansing, MI 48906, which is not licensed in New York. It didn't make sense for me to neglect my loans for a 401k—but I may be wrong and I'm open to suggestions here. I'm a … By using this form, you acknowledge that you have read and agree to the, https://www.johnhancock.com/careers.html#Benefits, https://www.johnhancock.com/careers.html#Life-at-John-Hancock. Figures are based on assumptions as set out, and individual circumstances may vary. John Hancock Trust Company LLC provides trust and custodial services to such plans. If you need help, Customer Service Representatives can answer your questions or help you enroll at the phone number provided at the beginning of this article. Diabetes doesn’t define you. Copyright 2012 - 2019 BAM | All Rights Reserved |, John Hancock | Employee Benefits | Login / Register, By submitting this form, you are consenting to receive marketing emails from: HealthManagementCorp (HMC). The Plan is administered by the Board of Trustees of the IAM National 401(k) Fund. For assistance with the website or your online account, please contact John Hancock directly 833-388-6466. They are also equally committed to making a positive impact on the communities they serve for over 150 years. Username or email. They are also equally committed to making a positive impact on the communities they serve for over 150 years. For example, for a $5,000 general loan with a 5-year (60-month) repayment term, your payment increases as the interest rate grows. John Hancock does not provide investment, tax, or … NOT FDIC INSURED. JH Enterprise is a registered trademark of John Hancock Life Insurance Company (U.S.A.). John Hancock Retirement Plan Services, LLC, John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York each make available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. John Hancock Retirement Plan Services, LLC is also referred to as "John Hancock". If you do not enroll within your first 31 days of hire, you will need to wait to enroll until the next annual open enrollment, unless you experience a qualified coverage change event (new baby, marriage, divorce, etc.). Unless otherwise specifically stated in writing, each such company does not, and is not undertaking to, provide impartial investment advice or give advice in a fiduciary capacity. The content of this website is for general information only and is believed to be accurate and reliable as of posting date but may be subject to change. If you’re thinking of borrowing from your 401(k), plan ahead by asking your 401(k) service provider about the borrowing process, such as: Keep in mind that loan checks are usually mailed, so they may take time to reach you. General loans must be repaid in 5 years or less, and home loans in 10 years or less. NOT BANK GUARANTEED. To begin downloading the app, click on the Google Play button below. John Hancock Retirement Plan Services, LLC offers administrative or recordkeeping services to sponsors and administrators of retirement plans. If you have technical questions, please email JH_eservice@jhancock.com or call 1-888-888-8856 .For MGroup producers, please call 1-800-448-1616, select option 2 then option 3.. Other potential advantages to a 401(k) loan include: The biggest drawback to a 401(k) loan is that the money you borrow doesn’t earn an investment return, and this can cost you. Compare health care and insurance options. Please consult your own independent advisor as to any investment, tax, or legal statements made herein. Search for doctors, dentists, and eye doctors online using the criteria you enter. John Hancock Life Insurance Company is based in Boston and was established in 1862. MAY LOSE VALUE. The IAM National 401(k) Plan offers a variety of investment options including target date funds and advice offered through MorningStar. This is a hypothetical mathematical example, for illustrative purposes only. Life and long-term disability insurance coverage; and. HealthMatters is their health care program which includes: Reimbursement up to $400 for a gym membership, exercise/fitness classes led by a certified instructor, Weight Watchers and tobacco/smoking cessation programs. Last Updated on December 6, 2018 by The Budget Diet Team We are a reader supported blog and this page may contain affiliate links. John Hancock Life Insurance Company of New York makes available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. Access to this site is for authorized users only. John Hancock Life Insurance Company (U.S.A.) makes available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. The YBR Web site is available 24 hours a day, seven days a week. Build your own medical plan, selecting from various coverage options. 401(k) loans have unavoidable drawbacks, but you can lessen their impact by doing these four things: While 401(k) loans can be a convenient alternative to a high-interest credit card, it’s important to remember that these loans can be harmful to your retirement plan since the funds you withdraw aren’t invested until they’re repaid, loan interest is taxed twice, and a loan not repaid can trigger taxes and penalties. All rights reserved. Estimate your out-of-pocket costs for your medical options. John Hancock Freedom 529 is an education savings plan offered by the Education Trust of Alaska, managed by T. Rowe Price, and distributed by John Hancock Distributors LLC through other broker-dealers that have a selling agreement with John Hancock Distributors LLC. Current employees and retirees of John Hancock can access resources to manage their benefits, health tools and more. John Hancock does not provide investment, tax, or legal advice. John Hancock and The Plan are not affiliated and neither is responsible for the liabilities of the other. John Hancock Retirement Plan Services, LLC, 200 Berkeley Street, Boston, MA 02116 John Hancock Retirement Plan Services, LLC offers administrative or recordkeeping services to sponsors and administrators of retirement plans. (1). Please click on the link below and bookmark our new location. Both John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York do business under certain instances using the John Hancock name. Understand the expenses and services that your options cover. This website has been approved by John Hancock only and may require further approval from a registered representative’s supervising broker/dealer firm, and is intended for professional use only. John Hancock aims to give their customers make decisions with ease and provide better lives. John Hancock aims to give their customers make decisions with ease and provide better lives. John Hancock Retirement Plan Services, LLC, John Hancock Life Insurance Company (U.S.A.), and John Hancock Life Insurance Company of New York each make available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. Representatives are available to support you from 8 AM to 10 PM ET, Monday to Friday (during a normal New York Stock Exchange business day). × It is not intended to provide investment, tax, plan design, or legal advice (unless otherwise indicated). Provide Your Personal Identification Information: Look for the “Completed Successfully” message to be sure your enrollment is complete. When you buy something or sign-up through our links we may earn a small commission. All plan information is confidential and you agree to safeguard and protect such information in accordance with the standards required by law and use such information only for authorized plan administration purposes. John Hancock Personal Financial Services, LLC (JHPFS) is an SEC-registered investment advisor. These will be used by John Hancock to verify your identity and for other authentication purposes. Access MY BENEFITS RESOURCES (YBR) to manage your personal benefits and perform other related transactions. John Hancock Trust Company LLC provides trust and custodial services to such plans. If you are eligible for a pension benefit: Make beneficiary designations and changes (if applicable), Request a new User ID and password or change your existing User ID and password, Review, add or change your dependent or beneficiary information on file (if applicable), Understand how a Life Event may affect your benefits. This material is for information purposes only. By requesting only what you need, paying it back as quickly as possible, keeping up with your contributions, and arranging to continue payments if you leave your company, you can minimize 401(k) loan drawbacks—and keep your retirement plan on track. John Hancock USA and John Hancock New York each make available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. If your plan allows it, you may be able to borrow up to 50% of your vested balance—that's 50% of the portion of your account that’s yours, without conditions. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, New York. John Hancock does not provide investment, tax, or legal advice. Welcome to the new enhanced site. You can revoke your consent to receive emails at any time by using the Unsubscribe link, found at the bottom of every email. By using this form, you acknowledge that you have read and agree to the Privacy Policy and Terms & Conditions. Click the link in the email to confirm your account. When setting up my 401k allocation in December, I followed the John Hancock instructions for a Growth Portfolio by selecting funds with the lowest expense ratio they offered – which was about 1.03. John Hancock will not be liable for any damages arising from the use or misuse of this software or from any errors or omissions in the same. John Hancock Life Insurance Company is based in Boston and was established in 1862. Your monthly and total payments on a credit card with 19% interest will be 33% higher than your payments on a five-year 401(k) loan with 5.75% interest.¹. John Hancock Personal Financial Services, LLC, 200 Berkeley Street, Boston, MA 02116. You'll get access to a wide range of practice management and retirement plan tools and resources from John Hancock. You must not share them with anyone. John Hancock Trust Company LLC provides trust and custodial services to such plans. John Hancock and The Plan are not affiliated and neither is responsible for the liabilities of the other. We’ve sent an email to {0}. See above. And it shouldn’t keep you from getting the life insurance you deserve. MGST P 41727 GE    (03/20-41727)  MGR031320510882, John Hancock Retirement Plan Services, LLC, 200 Berkeley Street, Boston, MA 02116. 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All opinions in this article are the author's alone. 401k, Pension, Retirement, Retiree, Health Insurance, Medical, Vision, Dental, IRA, Competitive Base Pay, Quarterly Bonus, Paid Time Off, Weekly Pay, Medical, Dental, Vision, Insurance, Health Savings Account, Flexible Spending Accounts, Short-Term and Long-Term Disability, Paid Family Medical Leave, Bereavement, Jury Duty and Parental Leave, Life, Dependent and Accident Insurance, Critical Illness Insurance, Savings Plan 401(k), Company Paid Retirement Benefit, Employee Stock Purchase Plan, Paid Holidays, Flexible Spending Accounts (FSAs), Health Savings Account (HSA), Time Off and Flexible Days, Group Legal Plan, Group Home Auto Insurance, Pet Insurance, Employee Discounts, Adoption Reimbursement, Tuition Reimbursement and Student Loans, Well-Being Programs, etc…, Company YBR Benefits Center Phone Number: 1-866-788-5436 / 1-866-788-JHFN Customer Service Phone Number Outside the United States, Puerto Rico, Canada: 1-407-471-JHFN. They also get to enjoy discounts in the health insurance as well as 401k. John Hancock Life Insurance Company (U.S.A) and John Hancock Life Insurance Company of New York are collectively referred to as “John Hancock”. John Hancock Annuities are issued by John Hancock Life Insurance Company (U.S.A.), Lansing, MI 48906, which is not licensed in New York. Contact your employer to learn whether John Hancock's retirement services may be available to you. John Hancock Aspire The only life insurance designed for people living with diabetes. Returns are not representative of any particular investment. Please note: inactive sessions will close after 15 minutes and any unsaved data could be lost. Go to Your Benefit Resources to enroll. The recordkeeper for the Plan is John Hancock Retirement Plan Services. Please consult your own independent advisor as to any investment, tax, or legal statements made herein. John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York herein collectively referred to as "John Hancock". In this case, you’ll end up with fewer shares than you started with and lower account growth than if you hadn't taken the loan. In New York, John Hancock Annuities are issued by John Hancock Life Insurance Company of New York, Valhalla, NY 10595. Boston employees additionally have access to onsite fitness centers. For some, the only alternative to a 401(k) loan is running up their credit card balance, and because credit card interest rates can reach the high teens and compound daily—meaning the interest you owe builds quickly—401(k) loans are usually a cheaper option. Unlike many advisors, ForUsAll only recommends low-cost, passive 401(k) investments – and the savings these lower cost funds can have on your John Hancock 401(k) can really add up. I acknowledge that I am a financial representative or Third Party Administrator, and that I take full responsibility for ensuring that this material has been approved by my supervising broker-dealer firm. Password Note: passwords are case-sensitive. Access John Hancock customer resources.Read our FAQs, file a claim, find a form, or sign-in. By submitting this form, you are consenting to receive marketing emails from: HealthManagementCorp (HMC). YBR provides information, tools and calculators tohelp you: Information on your health and welfare, 401(k), pension and FSA benefits. NOT FDIC INSURED. Sometimes plans also charge loan processing or annual maintenance fees, which are taken out of your 401(k) account, not out of the loan amount. The content of this website is for general information only and is believed to be accurate and reliable as of posting date but may be subject to change. The information contained in this statement is for general informational purposes only. MAY LOSE VALUE.