Your Retirement Savings Plan (401k)
A valuable benefit that can help you build a foundation for your financial future.
Coworker Contributions
Eligible coworkers may contribute up to the maximum amount allowed by law on a pre-tax or after-tax Roth basis. The IRS annual limit is $20,500 for 2022. Participants who will be age 50 or older by the end of 2022 may contribute up to an additional $6,500.
Employer Contributions
The Company will match 100% of the first 3% of coworker contributions and 50% of the next 2% of coworker contributions. To get the maximum company match, consider contributing at least 5% of your eligible pay each paycheck. You are always 100% vested in match contributions.
Investment options
You decide how your account will be invested among the available choices. You may choose from a diverse group of investment options, or if you prefer, you may default to a target date fund based on the year you were born and an assumed retirement age of 65.
Questions?
Call John Hancock at 800-294-3575 or visit www.myplan.johnhancock.com
Your Plan For Tomorrow
This guide will provide you with general information about the Plan, including how to access your account.