Deals & People April 27, 2015

John Hancock RPS Adds Sales VP in Pittsburgh

John Hancock Retirement Plan Services hired Nick Barcelona as a regional vice president, responsible for sales and relationship development with financial representatives and plan consultants.
Reported by

In the role, Barcelona will focus on new and existing clients in the Pittsburgh region, as well as the wider mid-Atlantic region. He reports to Stephen Davis, divisional vice president for the firm’s mid-Atlantic division.

Bob Carroll, national sales manager for John Hancock RPS, says the firm hopes to leverage Barcelona’s more than 15 years of experience in retirement plans to expand its presence in the Pittsburgh market and nearby areas.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

Barcelona has worked in related roles for a number of other providers in the retirement plan services space and is a graduate of Indiana University of Pennsylvania, with a degree in business management. He holds Series 6, 63 and state insurance licenses in Pennsylvania and West Virginia.

John Hancock Financial is a division of Manulife, a Canada-based financial services group with principal operations in Asia, Canada and the United States, offering clients a range of financial products and investment services. 

Products April 27, 2015

Sapiens Expands DC Recordkeeping Platform

Financial software and platform provider Sapiens International Corporation introduced improved eligibility and enrollment capabilities within its defined contribution recordkeeping platform.
Reported by

The eligibility component of the Sapiens Retirement platform supports a variety of complex eligibility rules, which can be organized by plan providers, are executed automatically and include techniques for processing exceptions.

Eligibility determination is one of the more difficult recordkeeping challenges, explains Ron Karam, president of Sapiens’ U.S. retirement services and insurance division. He says the implementation is aimed at helping plan providers and their sponsor clients better manage and simplify critical plan processes.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

The eligibility component adds to the platform’s previous capabilities, which cover end-to-end recordkeeping for 401(k), 403(b) and 457 plans across all segments. Sapiens notes that its platform can be accessed as a complete system or as a series of individual components helping clients take control of plan rules, account structure, payroll management, eligibility determination, contribution processing and vesting.

The Sapiens defined contribution (DC) platform was first introduced to the market in 2014. 

«