John Hancock Personal Financial Services manages retirement plan accounts for individuals participating in employer-sponsored retirement plans where John Hancock Retirement Plan Services acts as the recordkeeper. John Hancock Personal Financial Services provides automated, discretionary investment management through a program called the John Hancock Personalized Retirement Advice service. The service builds and maintains a personalized portfolio based on information provided by the participant, utilizing investment models and research developed by Morningstar Investment Management. In addition to managing investments, the service offers forecasts and recommendations on retirement income estimates, savings strategies, target retirement ages, and Social Security timing, along with a retirement drawdown strategy module for participants over age 50. The service operates electronically through a website and focuses exclusively on the participant's retirement plan account.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $50K | 0.50% |
| $50K - $100K | 0.40% |
| $100K - $250K | 0.30% |
| $250K+ | 0.20% |
Fees are calculated based on the average daily balance of eligible assets and payable monthly in arrears. Certain plans or plan sponsors may pay participant fees in whole or in part.