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Hancock Beefs Up 401(k) Distribution Support

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John Hancock Life Insurance Company has expanded retirement plan unit sales support by 15%.

Hancock, Boston, a subsidiary of Manulife Financial Corp., Toronto, says it has added 8 regional vice presidents and 10 inside sales associates to support advisors selling John Hancock Retirement Plan Services 401(k) plans.

The new internal employees will run a new sales desk in Boston, primarily supporting the company’s Eastern division, Hancock says.

John Hancock RPS plans to add 5 additional sales associates to the Boston sales desk by the end of the year, and it also plans to increase the number of associates working at its sales desks in Chicago and Atlanta.