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.

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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