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John Hancock Launches IRA Consolidation Services Unit

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John Hancock Retirement Income has debuted a new unit to assist 401(k) plan participants consolidate retirement accounts into qualified retirement plans with John Hancock.

Specialists with the new unit will help participants move outside retirement accounts into qualified retirement plans with John Hancock, the company says. Participants are given the opportunity, on their enrollment forms, to request assistance. They may also call John Hancock’s Consolidation Center.

Specialists help answer questions, support participants through the process, and help with necessary paperwork. Once the paperwork is submitted, the assets are rolled over into the John Hancock plan.

John Hancock Retirement Income is a unit of John Hancock Financial Services Inc., Boston.

–Warren S. Hersch


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