John Hancock, Ameriprise Financial Reach Distribution Agreement

Ameriprise Financial advisers can now use John Hancock Retirement Plan Services’ product services with 401(k) plans.

Through the distribution agreement, John Hancock makes available its product services to 401(k) plans including John Hancock’s JH Signature line, defined contribution plans, and the Guaranteed Income for Life feature to the approximately 12,000 advisers of Ameriprise Financial, according to a press release.

“These challenging times point out the need for careful retirement planning,’ said Art Creel, executive vice president of Sales & Marketing at John Hancock RPS, in the release. “We believe the combination of our experience in the 401(k) market with the personalized approach of Ameriprise Financial advisers will go a long way to help small businesses and their employees prepare.’