What Does a John Hancock 401(k) Cost?

As independent 401(k) advisors, we work with a number of plan sponsors who use John Hancock as a recordkeeping platform. We have noticed a large range in their costs, with some companies paying as little as 0.97% and others paying over 2.5% of assets! This wide range for similarly-sized plans is significant given the impact fee reductions can have on your employees' savings at retirement. Look below at data from real plan sponsors to see where you fall on John Hancock's 401(k) fee spectrum.


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  • John Hancock 401(k) Pricing Data

    The following dataset of actual fees paid by John Hancock clients prior to them working with ForUsAll to lower their fees and optimize their plans, and from this publicly available dataset. We believe that a well managed small business John Hancock 401(k) should cost under 1.25% in total fees, and want to talk to you if you are currently paying more.

    # of Employees Plan Assets ($) Total Fees (% of assets)
    26-50 $669,000 2.66%
    51-100 $1,274,000 1.69%
    26-50 $2,068,000 1.61%
    1-25 $593,000 1.58%
    26-50 $2,500,000 1.54%
    1-25 $1,152,000 1.53%
    1-25 $806,562 1.50%
    101-200 $1,020,000 1.49%
    1-25 $678,000 1.47%
    1-25 $824,000 1.45%
    26-50 $3,101,000 1.43%
    26-50 $855,000 1.42%
    1-25 $2,700,000 1.35%
    26-50 $4,500,000 1.30%
    1-25 $1,663,000 1.30%
    1-25 $1,514,238 1.29%
    101-200 $5,213,000 1.25%
    1-25 $527,000 1.25%
    101-200 $2,669,000 1.22%
    1-25 $1,041,000 1.22%
    51-100 $3,541,000 1.09%
    1-25 $1,181,000 1.07%
    51-100 $6,466,000 1.05%
    101-200 $3,427,000 0.97%

John Hancock is an open-architecture recordkeeping platform, which means you and your advisor are able to choose from a huge variety of investment options. Unlike many advisors, ForUsAll only recommends low-cost, passive 401(k) investments – and the savings these lower cost funds can have on your John Hancock 401(k) can really add up. Lower costs can drastically improve your employees’ retirement outcomes, so talk to us about lowering your John Hancock plan costs today!