Boston– John Hancock Retirement Plan Services (JHRPS) finished 2006 as the #1 overall seller to plans according to the 2006 LIMRA International 401(k) Scorecard.* JHRPS sold contracts to 5,602 plans in 2006.
John Hancock Retirement Plan Services also led in sales when measured by new assets, with sales in the under 500 participant segment greater than the total combined asset sales of the number two and three competitors combined.* Dominating the 401(k) market with a market share of over 47% of net plan sales, JHRPS topped every segment of plan sales in the under 500 participant segment including the 250-499 participant segment.
“These results once again spotlight our strength and position at the forefront of this market. It is a tremendous endorsement of our excellent team,” said Jim Brockelman, Executive Vice President, National Sales. “Together with our partners─financial representatives and third party administrators─we continue our leadership of the 401(k) industry. With all of the changes in 401(k)s and with the passage of the Pension Protection Act last year, employers are increasingly turning to organizations that are leaders in this market. John Hancock Retirement Plan Services understands the needs of organizations that sponsor 401(k) plans and our long term commitment and leadership in this market continues to position us very well.”
The LIMRA 401(k) Scorecard is comprised of 18 providers to 401(k) plans. LIMRA International is a worldwide association providing research, consulting, and other services to nearly 850 insurance and financial services companies in more than 60 countries. LIMRA was established in 1916 to help its member companies maximize their marketing effectiveness.
*Source: LIMRA International, JHRPS Sales Survey 2006 Results.
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 Retirement Plan Services name. Group annuity contracts are issued by John Hancock Life Insurance Company (U.S.A.), 601 Congress Street, Boston, MA 02116, which is licensed and offers products in all states, except New York. Product features and availability may differ by state. Group annuity contracts and administrative services or recordkeeping agreements issued in New York are only issued by John Hancock Life Insurance Company of New York, 100 Summit Lake Drive, Valhalla, New York 10595, which is licensed in New York. John Hancock Investment Management Services, LLC, a registered investment adviser, provides investment information relating to the contracts.
About John Hancock Retirement Plan Services
JHRPS is the #1 provider to 401(k) plans amongst mutual fund, life insurance companies and banks, based on number of 401(k) plans managed, according to CFO Magazine. (2006 CFO Magazine 401(k) Buyers Guide Study, published June 2006.)
About John Hancock and Manulife Financial
John Hancock is a unit of Manulife Financial Corporation (the Company), a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$414 billion (US$355 billion) as at December 31, 2006.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, mutual funds, 401(k) plans, long-term care insurance, college savings and other forms of business insurance. John Hancock carries the highest—“AAA”—financial strength rating from Standard & Poor’s Ratings Services.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including whole life, term life, variable life, and universal life insurance, as well as college savings products, fixed and variable annuities, long-term care insurance, mutual funds and various forms of business insurance.
Insurance products are issued by the following John Hancock insurance companies: John Hancock Life Insurance Company, John Hancock Variable Life Insurance Company*, John Hancock Life Insurance Company (U.S.A.)* and John Hancock Life Insurance Company of New York.
*Not licensed in New York
SOURCE: John Hancock Retirement Plan Services
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|Melissa Simon Berczuk