John Hancock Life Insurance Company U.S.A401(k)
THE INVESTMENT-INCENTIVE PLAN FOR JOHN HANCOCK EMPLOYEES · BOSTON, MA · plan year 2024
John Hancock Life Insurance Company U.S.A's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,408,850,521 across 9,372 participant accounts, with employer contributions averaging $5,369 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 22nd-largest of 2,726 plans among Massachusetts employers on file, and the 83rd of 4,798 in finance & insurance. In 2024, employees put in $2.42 for every $1.00 the employer contributed.
John Hancock Life Insurance Company U.S.A's 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 010233346 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.