John Hancock Retirement Plan Services will offer the HelloWallet financial wellness tool to plan sponsors on its Total Retirement Solution platform for use by their plan participants, the firm announced July 30.
Plan sponsors can elect to offer HelloWallet to their participants starting in the fourth quarter of 2015.
"Our proprietary research proves that financial stress is a major factor in many people's lives, and retirement is almost an irrelevant topic if people have too much debt and not enough savings," said Patrick Murphy, president of John Hancock Retirement Plan Services. "By offering HelloWallet, we're helping people figure out how to alleviate their immediate financial stresses and enable them to save for a comfortable retirement."
For more on John Hancock’s value-adds for advisors, visit their NAPA Partner Corner page.
