Products July 9, 2007

John Hancock to Offer 401(k) Rollover Option

John Hancock retirement plan participants will soon be able to use an option that allows them to roll their 401(k) account balances over from an employer-sponsored plan to another retirement account.
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According to a company press release, participants who are leaving their employer-sponsored plan will be able to choose from a roster of John Hancock mutual funds and portfolios, with John Hancock’s Lifestyle Portfolios being a key component.

The new program, which will be available to participants in the fourth quarter of 2007, will include strategic rollover communications, a licensed call center, and a Web site.

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For more information visit http://www.jhrps.com/us/.

Deals & People July 9, 2007

Standard Picks Up TPA, Investment Adviser

Standard Retirement Services, Inc. has agreed to acquire the assets of Portland, Oregon based third-party retirement plan administrators DPA, Inc., and its associated investment adviser business, MasterPlan Advisors, Inc.
Reported by

The assets being acquired include approximately 230 retirement plans with assets under management of more than $1.8 billion, as well as an investment adviser business serving clients in the greater Pacific Northwest.

The acquired business will be a part of the Asset Management Group of StanCorp.

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“We are excited about this addition to our asset management business and look forward to continuing the excellent customer service for which both of our organizations are known,” said Kim W. Ledbetter, senior vice president, Asset Management Group of The Standard in a press release. “We will continue to serve DPA’s and MasterPlan Advisors’ clients out of DPA’s existing office in Portland, Oregon, to ensure that the transition will be seamless.”

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