John Hancock Expands Open Architecture Platform for TPAs

John Hancock Retirement Plan Services aims to help plan consultants expand their business by shifting focus to TPAs.

John Hancock Retirement Plan Services has made its mid-market, open architecture platform available for third-party administrators (TPAs).

“John Hancock has partnered with plan consultants for decades, and we understand the important role they play in providing their small-business clients with local, high-touch service,” says Patrick Murphy, president of John Hancock Retirement Plan Services. “With access to our open architecture platform, plan consultants will be able to continue working with their larger clients, bringing their local expertise and insight up market as their clients grow.”

“Not only will this move serve pent-up demand among plan sponsors and advisers alike, it will help plan consultants grow their business,” says Ann Slotwinski, assistant vice president of Plan Consultant Relations. “John Hancock’s retirement plan business was founded with the TPA service model and we want plan consultants to know we remain committed to their marketplace.”

John Hancock offers a variety of services to professionals in the retirement plan industry including plan design, plan review tools, compliance reporting and participant research.