Financial Benefits
As a leading financial services provider, we're determined to help our employees keep the promises they've made to themselves about their financial future. Through our 401(k), pension, stock-ownership and other programs, you can take steps to meet your goals.
401(k) Savings Plan
- Allows employees to make pre-tax, post-tax and Roth 401(k) contributions, and offers a variety of investment options.
- Your pre-tax and/or Roth 401(k) contributions are matched dollar-for-dollar up to 4%. You vest in your company matching contributions after three years of service.
- New hires are automatically enrolled, and you can roll over an eligible retirement plan balance at any time.
Cash Balance Pension Plan
- This plan, which is 100% company-funded, provides additional retirement savings through company contributions of at least 4% and interest credits.
- Eligible employees are automatically enrolled in the plan upon hire, and vest after three years of eligible service.
Global Share Ownership Plan
- Gives eligible employees the opportunity to share in the company's future.
- Eligible employees can contribute 1-5% of eligible pay to purchase shares, and the company will match 25% of those contributions (up to a maximum match of $2,000).
Life Insurance
- Basic life insurance provided by the company.
- Optional employee and dependent life insurance.
- Basic and optional Accidental Death and Dismemberment (AD&D).
Disability
- Short-term Disability (STD) provides financial security in the event of absence from work due to illness or non-occupational injury, up to six months.
- Long-term Disability (LTD) is designed to protect employees who are disabled longer than six months.
529 College Savings Plans
Employees and certain family members are eligible to invest in a 529 college savings plan with no front-end sales charge or annual administration fee.
Discount Auto and Home Insurance
Employees can purchase auto and home insurance at special group discount rates.
John Hancock Mutual Funds
John Hancock Mutual Funds are available free of sales charge to John Hancock employees through convenient payroll deductions.
Benefits Brochure
Download our benefits brochure to learn more about what John Hancock offers its employees.
This summary provides a brief list of benefits and programs available to U.S.-domiciled John Hancock and Manulife employees. This summary does not attempt to cover details. In some instances, full details are available in the formal written "plan document". If this summary differs in any way from the plan document, the plan document shall control. John Hancock and Manulife Financial reserve the right to amend or terminate these benefits and programs at any time. The Company and employees share the cost of benefits, in many instances. Active, benefit-eligible employees may cover themselves, spouses and eligible dependent children. Employees may cover domestic partners for some benefits under certain circumstances. Not all employees are eligible for all programs, and some benefits may require waiting periods.