Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Hancock Reverses Fields Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, November 30, 2001

Hancock Reverses Fields

Reported by Sean Hanna, Editor in Chief

Less then 12 months after pulling the plug on its full-service 401(k) business, John Hancock has taken the wraps off a new full-service defined benefit product. The insurer plans to target the 412(i) plans to small business owners.

The new product will use investments, including annuities, from Hancock's product lineup. Berkshire Retirement Services is providing the administration and documents for the plan.

Hancock executives hope the new product will successfully exploit changes in the tax code that take effect in January and make this type of plan more appealing. The target buyer will be a small business owner who is more than 45 years old, is without an existing qualified plan and employs fewer than 25 workers.

The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) will greatly expand retirement contributions and benefits, resulting in higher tax deductions and amounts of insurance that can be used in these plans" explained James Magner, vice president, Estate and Business Planning Group.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use