Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Portfolio Construction

Manulife Revamps 401(k) Statements

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Feb. 27, 12:13 p.m. – Manulife Financial Corp., Toronto, says its U.S. unit has redesigned its 401(k) retirement account statements.

One change will be a change in the way Manulife estimates participants’ rate of return. The statements now use the “modified Dietz method” to calculate participants’ rate of return. “This method is widely used in the financial services industry and reflects the timing of contributions and distributions during a quarter to provide a more accurate estimate of a participant’s portfolio return,” Manulife says.

Manulife is also changing the way it organizes the statement. The first page of the statement now summarizes key account information. The first page also includes a section for messages from Manulife, and a section that gives Web locations and toll-free telephone numbers for participant assistance services.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.