TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, MA, Sept. 8, 2020 /PRNewswire/ - John Hancock
Retirement, a Manulife Investment Management company, announced
today that it's been selected by U.S. Toray Group Companies (Toray)
for its retirement plan services for U.S. employees. Headquartered
in Tokyo, Japan, Toray is a
leading manufacturer specializing in the production of fibers and
textiles, resin, film, carbon fiber and advanced composite
materials, water treatment materials, and composite manufacturing
equipment, with 12 principal subsidiaries operating in the Americas
(as of February 2019). John Hancock Retirement is onboarding
nearly 2,400 participants in the Toray 401(k) Savings Plan (plan),
with approximately $250 million in
plan assets.
The advisor to the plan is SWBC Retirement Plan Services
(SWBC).
"Toray Group is excited to work directly with John Hancock
Retirement's experienced specialist service team on plan design and
participant engagement," said Brad
Ferguson, vice president-institutions at SWBC. "Throughout
this process, we have been continually impressed with communication
from all levels of the firm, including sales, service, and the
executive and conversion teams."
"At the forefront of these conversations is an understanding
that every plan and every participant is unique, and our focus is
creating a plan that works for Toray Group," added Gary Tankersley, head of sales and distribution,
John Hancock Retirement. "We are thrilled to have them join
John Hancock for servicing, and look
forward to working with all of their participants on retirement
planning and saving."
For more information on John Hancock Retirement, please click
here.
About John Hancock Retirement
John Hancock Retirement
is the U.S. retirement business of Manulife Investment Management.
For nearly 50 years, we've helped people plan and invest for
retirement; today, we're one of the largest full-service providers
in the United
States.1 We take a hands-on consultative
approach based on the idea that no two plans - and no two plan
participants - are exactly alike. We partner with plan sponsors,
financial professionals, and third-party administrators to ensure
that every plan is personal to the participant and helps deliver
results.
As of June 30, 2020, John Hancock serviced over 51,000 retirement
plans with over 3 million participants and over $177 billion in AUMA. 2
1 "2020 Defined
Contribution Recordkeeper Survey," PLANSPONSOR, 2020.
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2. As of June 30,
2020, John Hancock Life Insurance Company (USA) supported 46,942
plans, 1,590,762 participants, and $88,315,505,455 in AUMA. John
Hancock Life Insurance Company of New York supported 2,511 plans,
78,978 participants, and $5,286,691,809 in AUMA. John Hancock
Retirement Plan Services, LLC supported 2,009 plans, 1,348,513
participants, and $83,944,095,426 in AUMA. Participant Counts
reflect all active participants with a balance. Approximate
unaudited figures for John Hancock, provided on a U.S. statutory
basis.
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About Manulife Investment Management
Manulife Investment Management is the global wealth and asset
management segment of Manulife Financial Corporation. We draw on
more than a century of financial stewardship and the full resources
of our parent company to serve individuals, institutions, and
retirement plan members worldwide. Headquartered in
Toronto, our leading capabilities
in public and private markets are strengthened by an investment
footprint that spans 17 countries and territories. We complement
these capabilities by providing access to a network of unaffiliated
asset managers from around the world. We're committed to
investing responsibly across our businesses. We develop innovative
global frameworks for sustainable investing, collaboratively engage
with companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to
help their employees plan for, save for, and live a better
retirement.
As of June 30, 2020, Manulife
Investment Management had CAD$900
billion (US$660 billion) in
assets under management and administration. Not all offerings
are available in all jurisdictions. For additional information,
please visit manulifeim.com.
John Hancock Distributors LLC Member FINRA, SIPC 200 Berkeley
Street Boston, MA 02116
800-225-6020
jhinvestments.com
John Hancock Retirement Plan Services, LLC offers administrative
or recordkeeping services to sponsors or administrators of
retirement plans, as well as a platform of investment alternatives
that is made available without regard to the individualized needs
of any plan. Unless otherwise specifically stated in writing, John
Hancock Retirement Plan Services, LLC does not, and is not
undertaking to, provide impartial investment advice or give advice
in a fiduciary capacity. John Hancock Trust Company LLC provides
trust and custodial services to such plans.
NOT FDIC INSURED. MAY LOSE VALUE. NOT BANK GUARANTEED.
© 2020 John Hancock. All rights reserved.
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SOURCE John Hancock Retirement