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Manulife to administer SI Group's retirement plans

2020-03-24 10:59 ET - News Release

An anonymous director reports

JOHN HANCOCK SELECTED BY SI GROUP TO ADMINISTER RETIREMENT PLAN

Manulife Financial Corp.'s John Hancock Retirement has been selected to administer retirement plans for SI Group, a leading developer and manufacturer of performance additives, process solutions, pharmaceuticals and chemical intermediates.

The SI Group plan has $500-million in assets and covers more than 2,000 participants.

"John Hancock Retirement is known for their focus on plan participants' financial well-being as they prepare for retirement -- with great information, tools and processes. We think it bodes well for us and our employees," said Jody Wood, senior human resources manager, benefits, SI Group.

According to Ms. Wood, keys to the selection of John Hancock included: strong participant experience; good communication and education program; and administrative outsourcing.

"We are thrilled to have forged this partnership with SI Group and are looking forward to delivering an experience that helps employees achieve financial wellness and become retirement ready," said Gary Tankersley, head of sales and distribution, John Hancock Retirement.

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