Annuity Fund
It’s never too early to plan for retirement. The Annuity Fund was created to provide a source of income for retirement or for participants who become totally and permanently disabled. Participants in the Local 94 Annuity Fund have individual investment accounts funded by Contributing Employers.
Find out more about the Annuity Fund by clicking on the links below.
Track Your Investments at myplan.johnhancock.com
Once you have an account established in the Annuity Fund, you can monitor your individual account and track your investments through myplan.johnhancock.com. The site, operated by John Hancock Retirement Plan Services, the Annuity Fund’s administrative service provider, is available 24 hours a day, seven days a week. There, you can select and change your investments, learn about the different investment options and get personalized investment advice.
Logging in to myplan.johnhancock.com:
When you log on or call us for the first time, you’ll use your Social Security number to create your unique Personal Identification Number (PIN)/Password. You’ll use your PIN/Password to access your account in the future. You can establish your PIN/Password any one of three ways:
- Online: go to myplan.johnhancock.com and click “Register now. Get started with your plan.” Be sure to create your User Profile and, if you’d like, provide an email address.
- Telephone: call 1-833-38-UNION or 833.388.6466 (or 888.440.0022 for Spanish) and follow the prompts.
- Mobile: go to your iOS or Android app store and download the MyLifeNow mobile app, then follow the prompts.
Once your username and password are changed, you’re ready to take advantage of all myplan.johnhancock.com has to offer.
FAQs
Why is my defaulted loan appearing on my Annuity Fund statement (and why is it increasing)?
IRS regulations require loans that are deemed to be in default to be tracked and to accumulate interest until distribution. Disclosure rules require this information to be displayed on the statement. This amount is not invested, and it is not deducted from the invested amounts at distribution. A participant may pay back the defaulted loan in full plus interest at any time, and that repaid amount will not be taxable at distribution.