New products and changes introduced over the last week include the addition of 401(k) enrollment capability to John Hancock Retirement Plan Services’ mobile app. Also, MetLife announced a portable individual dental benefit.
Here are the latest developments of interest to advisors:
1) John Hancock Adds 401(k) Enrollment Capability to Mobile App
John Hancock Retirement Plan Services announced that employees of John Hancock Total Retirement Solutions clients can now use the MyLifeNow mobile app to enroll in their 401(k) plan and adjust contributions.
The addition of mobile enrollment allows employees to do much more than sign up for their retirement plan. They can also increase pretax or after-tax contributions, and they can view their account balances, personal rate of return and investment allocations.