Summary of Administrative Maintenance Charges (AMC) and Revenue Sharing Received

Transcription

1 Summary of Administrative Maintenance Charges (AMC) and Revenue Sharing Received For the investment options ( Funds ), listed below, advised exclusively by unaffiliated mutual fund companies, John Hancock receives fees equal to 0.50% of your Plan s assets invested in each Fund. These fees come from two sources: an Administrative Maintenance Charge (AMC) and fees (often referred to as revenue sharing ) paid by the underlying mutual fund ( fund ), trust or other fund related sources, to John Hancock for record keeping and other services provided to you by John Hancock. The AMC is a direct administrative charge made by John Hancock against the entire Fund, if applicable, for administrative and record keeping services such as employer statements, participant statements and enrollment kits. The Fund Expense Ratio is a charge for the underlying mutual fund or trust, and is determined by the underlying mutual fund or trust and reported in their annual reports, prospectuses, or trust documents. The amount of revenue sharing fees varies from fund to fund, and can come from the fund or trust s Rule 12b-1 fees, sub-transfer agency fees, other fund fees, or fees from other fund-related sources (collectively, the two latter fees are referred to as all other fees below). John Hancock uses all of these revenue sharing fees to reduce the AMC for that Fund. If John Hancock receives no revenue sharing fees from an unaffiliated underlying mutual fund or trust, the AMC for that fund is 0.50%. The following is a list of Funds advised exclusively by unaffiliated mutual fund companies along with the current AMC and revenue sharing fees received. Fund Listing as of November 7, 2011 Fees Effective September 30, 2011 Revenue Sharing received from the underlying fund and other fund-related sources Total STA/All Revenue (%) 12b-1 (%) Other Fees (%) AMC (%) American Balanced Fund American Century Heritage Fund American High-Income Fund Aston/Fairpointe Mid Cap Fund BlackRock Basic Value Fund BlackRock Global Allocation Fund Brandywine Blue Fund Capital Income Builder Capital World Bond Fund Capital World Growth and Income Fund Columbia Equity Value Fund Columbia Mid Cap Value Opportunity Fund Columbia Value and Restructuring Fund Davis New York Venture Fund DFA Emerging Markets Value Fund DFA Inflation-Protected Securities Fund DFA International Value Fund DFA U.S. Targeted Value Fund DFA US Small Cap Fund Dodge & Cox International Stock Fund Dodge & Cox Stock Fund Domini Social Equity Fund Eaton Vance Large-Cap Value Fund OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.

2 STA/All Total (%) 12b-1 (%) Other Fees (%) AMC (%) Energy Fund EuroPacific Growth Fund Explorer Fund Federated Institutional High Yield Bond Fund Fidelity Advisor Gold Fund Fidelity Advisor Leveraged Company Stock Fund Fidelity Advisor New Insights Fund Fidelity Contra Fund Franklin Balance Sheet Investment Fund Franklin Small-Mid Cap Growth Fund Franklin Templeton Founding Funds Allocation Fund Fundamental Investors Growth Index Fund Invesco Small Cap Growth Fund Ivy Asset Strategy Fund JP Morgan Mid Cap Value Fund Keeley Small Cap Value Fund Legg Mason ClearBridge Aggressive Growth Fund Lord Abbett Value Opportunities Fund Managers AMG FQ Global Alternatives Fund Massachusetts Investors Fund MFS Utilities Fund Mutual Beacon Fund Mutual Global Discovery Fund New Perspective Fund New World Fund Oppenheimer Developing Markets Fund Oppenheimer Global Fund Oppenheimer International Bond Fund Oppenheimer International Growth Fund Parnassus Equity Income Fund Pax World Balanced Fund PIMCO All Asset Fund PIMCO Commodity Real Return Strategy Fund PIMCO Global Bond Fund PIMCO Real Return Fund PIMCO Total Return Fund Prudential Jennison 20/20 Focus Fund Prudential Jennison Mid Cap Growth Fund Royce Opportunity Fund Royce Pennsylvania Mutual Fund Russell LifePoints Balanced Strategy Russell LifePoints Conservative Strategy Russell LifePoints Equity Growth Strategy Russell LifePoints Growth Strategy Russell LifePoints Moderate Strategy Short-Term Federal Fund Small Cap Growth Index Fund Small Cap Value Index Fund SMALLCAP World Fund T. Rowe Price Capital Appreciation Fund T. Rowe Price Equity Income Fund T. Rowe Price Health Sciences Fund T. Rowe Price Science & Technology Fund T. Rowe Price Short Term Bond Fund T. Rowe Price Small Cap Value Fund OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.

3 STA/All Total (%) 12b-1 (%) Other Fees (%) AMC (%) T. Rowe Price Spectrum Income Fund Templeton Global Bond Fund Templeton World Fund The Bond Fund of America The Growth Fund of America The Income Fund of America The Investment Company of America Thornburg International Value Fund Turner Large Growth Fund U.S. Government Securities Fund Value Index Fund Victory Diversified Stock Fund Washington Mutual Investors Fund Funds sub-advised exclusively by unaffiliated mutual fund companies For those Funds sub-advised exclusively by unaffiliated mutual fund companies, John Hancock receives fees equal to 0.50% of your Plan s assets invested in each Fund. The amount of revenue is received from management fees and 12b-1 fees, which are part of the Fund Expense Ratio and may vary from fund to fund. John Hancock uses the revenue received from the management fees and 12b-1 fees to determine the AMC for that Fund, such that the sum of 12b-1, management fees and AMC received by John Hancock equals 0.50%. The following is a listing of those Funds sub-advised exclusively by unaffiliated mutual fund companies. As of November 7, 2011 All Cap Core Fund All Cap Value Fund Blue Chip Growth Fund Capital Appreciation Fund Core Bond Fund Equity Income Fund Financial Services Fund Floating Rate Income Fund Global Bond Fund High Yield Fund International Core Fund International Equity Index Fund International Opportunities Fund International Small Cap Fund International Value Fund Investment Quality Bond Fund John Hancock Disciplined Value Fund John Hancock International Growth Fund John Hancock Rainier Growth Fund Large Cap Fund Mid Cap Stock Fund Mid Value Fund Natural Resources Fund Real Estate Securities Fund Real Return Bond Fund Science & Technology Fund Small Cap Growth Fund Small Cap Opportunities Fund Small Cap Value Fund Small Company Value Fund SSgA Mid Cap Growth Index Fund SSgA Mid Cap Value Index Fund Total Return Fund U.S. High Yield Bond Fund Utilities Fund Value Fund 3 OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.

4 Internally-managed Funds advised and sub-advised exclusively by John Hancock s affiliates John Hancock s affiliates provide advisory and sub-advisory services to these internally-managed funds. The total fees John Hancock and its affiliates receive from these funds may be higher than those advised or sub-advised exclusively by unaffiliated mutual fund companies. These fees can come from the Fund or trust s Rule 12b-1, sub-transfer agency, management, AMC or other fees, and may vary from Fund to Fund. Except for certain asset allocation portfolios (i.e., the Lifecycle Funds, Lifestyle Funds and the American Funds asset allocation portfolios), John Hancock uses the revenue received from 12b-1, sub-transfer agency, and management fees to determine the AMC for that Fund, such that the sum of 12b-1, sub transfer agency, management fees and AMC received by John Hancock equals 0.50%. The following is a listing of these internally-managed Funds. As of November 7, Index Fund Active Bond Fund Core Diversified Growth & Income Portfolio Core Fundamental Holdings Portfolio Core Global Diversification Portfolio Fundamental All Cap Core Fund Fundamental Large Cap Value Fund John Hancock Stable Value Fund Lifestyle Fund Aggressive Portfolio Lifestyle Fund Balanced Portfolio Lifestyle Fund Conservative Portfolio Lifestyle Fund Growth Portfolio Lifestyle Fund Moderate Portfolio Mid Cap Index Fund Money Market Fund Retirement Choices at 2010 Retirement Choices at 2015 Retirement Choices at 2020 Retirement Choices at 2025 Retirement Choices at 2030 Retirement Choices at 2035 Retirement Choices at 2040 Retirement Choices at 2045 Retirement Choices at 2050 Retirement Living at 2010 Retirement Living at 2015 Retirement Living at 2020 Retirement Living at 2025 Retirement Living at 2030 Retirement Living at 2035 Retirement Living at 2040 Retirement Living at 2045 Retirement Living at 2050 Select Asset Allocation Balanced Portfolio Select Asset Allocation Conservative Portfolio Select Asset Allocation Growth Portfolio Select Asset Allocation Moderate Portfolio Select Core Diversified Growth & Income Portfolio Select Core Fundamental Holdings Portfolio Select Core Global Diversification Portfolio Small Cap Index Fund Strategic Income Opportunities Fund Total Bond Market Fund Total Stock Market Index Fund For more information about fees and charges, including revenue sharing, please call or contact your John Hancock representative for a prospectus for the underlying mutual fund or trust for more details. 4 OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.

5 Summary of Underlying Mutual Fund or Trust Management Fees This report provides a listing of the Funds advised exclusively by unaffiliated mutual fund companies that are available under the John Hancock group annuity contract along with their current management fees reported in the most recent prospectuses available as of the date indicated. For plans required to complete Form 5500 Schedule C, John Hancock provides this information on behalf of these unaffiliated mutual fund companies. The information constitutes disclosure of the eligible indirect compensation received by these companies for purposes of reporting in Section 1a, Part I of Schedule C. The Management Fee is a component of the underlying mutual fund s expense ratio. More details about an underlying fund s expense ratio are described in the underlying fund s prospectus. Plans subject to the Schedule C reporting requirement will also receive an annual reporting package that contains, among other things, copies of prospectuses of the sub-advised Funds (i.e., Funds sub-advised exclusively by unaffiliated mutual fund companies as well as the Internally-managed Funds) available under the John Hancock group annuity contract. These prospectuses provide disclosure of the payments received by John Hancock and its affiliates that are eligible indirect compensation. As of September 30, 2011 Underlying Mutual Fund Manager Management Fund or Trust (Fund Company) Fee (%) American Balanced Fund American Funds Group 0.24 American Century Heritage Fund American Century Investment Management, Inc American High-Income Fund American Funds Group 0.32 Aston/Fairpointe Mid Cap Fund Optimum Investment Advisors, LLC 0.72 BlackRock Basic Value Fund BlackRock Investment Management, LLC 0.41 BlackRock Global Allocation Fund BlackRock Investment Management, LLC 0.75 Brandywine Blue Fund Friess Associates, LLC 1.00 Capital Income Builder American Funds Group 0.25 Capital World Bond Fund American Funds Group 0.45 Capital World Growth and Income Fund American Funds Group 0.38 Columbia Equity Value Fund Columbia Management Investment Advisers, LLC 0.65 Columbia Mid Cap Value Opportunity Fund Columbia Management Investment Advisers, LLC 0.69 Columbia Value and Restructuring Fund Columbia Management Investment Advisers, LLC 0.75 Davis New York Venture Fund Davis Advisors 0.49 DFA Emerging Markets Value Fund Dimensional Fund Advisors, Inc. (DFA) 0.50 DFA Inflation-Protected Securities Fund Dimensional Fund Advisors, Inc. (DFA) 0.10 DFA International Value Fund Dimensional Fund Advisors, Inc. (DFA) 0.40 DFA U.S. Targeted Value Fund Dimensional Fund Advisors, Inc. (DFA) 0.35 DFA US Small Cap Fund Dimensional Fund Advisors, Inc. (DFA) 0.35 Dodge & Cox International Stock Fund Dodge & Cox Funds 0.60 Dodge & Cox Stock Fund Dodge & Cox Funds 0.50 Domini Social Equity Fund Domini Social Investments & Wellington Management 0.30 Eaton Vance Large-Cap Value Fund Eaton Vance Management 0.58 Energy Fund Vanguard Group, Inc EuroPacific Growth Fund American Funds Group 0.42 Explorer Fund Vanguard Group, Inc Federated Institutional High Yield Bond Fund Federated Investment Management Company 0.40 Fidelity Advisor Gold Fund Fidelity Management & Research Company (Fidelity) 0.56 Fidelity Advisor Leveraged Company Stock Fund Fidelity Management & Research Company (Fidelity) 0.61 Fidelity Advisor New Insights Fund Fidelity Management & Research Company (Fidelity) 0.64 Fidelity Contra Fund Fidelity Management & Research Company (Fidelity) 0.72 Franklin Balance Sheet Investment Fund Franklin Templeton OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.

6 Underlying Mutual Fund Manager Management Fund or Trust (Fund Company) Fee (%) Franklin Small-Mid Cap Growth Fund Franklin Templeton 0.46 Franklin Templeton Founding Funds Allocation Fund Franklin Templeton 0.00 Fundamental Investors American Funds Group 0.25 Growth Index Fund Vanguard Group, Inc Invesco Small Cap Growth Fund Invesco Advisers, Inc Ivy Asset Strategy Fund Ivy Investment Management Company 0.56 JP Morgan Mid Cap Value Fund J.P. Morgan Investment Management Inc Keeley Small Cap Value Fund Keeley Asset Management Corp Legg Mason ClearBridge Aggressive Growth Fund Legg Mason Partners Investment Funds, Inc Lord Abbett Value Opportunities Fund Lord, Abbett & Co. LLC 0.75 Managers AMG FQ Global Alternatives Fund Managers Investment Group LLC 1.70 Massachusetts Investors Fund MFS Investment Management 0.33 MFS Utilities Fund MFS Investment Management 0.60 Mutual Beacon Fund Franklin Templeton 0.60 Mutual Global Discovery Fund Franklin Templeton 0.75 New Perspective Fund American Funds Group 0.39 New World Fund American Funds Group 0.57 Oppenheimer Developing Markets Fund OppenheimerFunds, Inc Oppenheimer Global Fund OppenheimerFunds, Inc Oppenheimer International Bond Fund OppenheimerFunds, Inc Oppenheimer International Growth Fund OppenheimerFunds, Inc Parnassus Equity Income Fund Parnassus Investments 0.65 Pax World Balanced Fund Pax World Management Corp PIMCO All Asset Fund Pacific Investment Management Company 0.23 PIMCO Commodity Real Return Strategy Fund Pacific Investment Management Company 0.74 PIMCO Global Bond Fund Pacific Investment Management Company 0.55 PIMCO Real Return Fund Pacific Investment Management Company 0.45 PIMCO Total Return Fund Pacific Investment Management Company 0.46 Prudential Jennison 20/20 Focus Fund Jennison Associates LLC 0.72 Prudential Jennison Mid Cap Growth Fund Jennison Associates LLC 0.58 Royce Opportunity Fund Royce & Associates, LLC 1.00 Royce Pennsylvania Mutual Fund Royce & Associates, LLC 0.75 Russell LifePoints Balanced Strategy Russell Investment Group 0.20 Russell LifePoints Conservative Strategy Russell Investment Group 0.20 Russell LifePoints Equity Growth Strategy Russell Investment Group 0.20 Russell LifePoints Growth Strategy Russell Investment Group 0.20 Russell LifePoints Moderate Strategy Russell Investment Group 0.20 Short-Term Federal Fund Vanguard Group, Inc Small Cap Growth Index Fund Vanguard Group, Inc Small Cap Value Index Fund Vanguard Group, Inc SMALLCAP World Fund American Funds Group 0.64 T. Rowe Price Capital Appreciation Fund T. Rowe Price Associates, Inc T. Rowe Price Equity Income Fund T. Rowe Price Associates, Inc T. Rowe Price Health Sciences Fund T. Rowe Price Associates, Inc T. Rowe Price Science & Technology Fund T. Rowe Price Associates, Inc T. Rowe Price Short Term Bond Fund T. Rowe Price Associates, Inc T. Rowe Price Small Cap Value Fund T. Rowe Price Associates, Inc T. Rowe Price Spectrum Income Fund T. Rowe Price Associates, Inc Templeton Global Bond Fund Franklin Templeton 0.40 Templeton World Fund Franklin Templeton 0.62 The Bond Fund of America American Funds Group OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.

7 Underlying Mutual Fund Manager Management Fund or Trust (Fund Company) Fee (%) The Growth Fund of America American Funds Group 0.27 The Income Fund of America American Funds Group 0.25 The Investment Company of America American Funds Group 0.24 Thornburg International Value Fund Thornburg Investment Management, Inc Turner Large Growth Fund Turner Investment Partners 0.60 U.S. Government Securities Fund American Funds Group 0.24 Value Index Fund Vanguard Group, Inc Victory Diversified Stock Fund Victory Capital Management 0.59 Washington Mutual Investors Fund American Funds Group OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.

8 Float Income Introduction In general, float income is earnings received and retained by John Hancock in circumstances that include, or are similar to, the following: a) Receipts (i.e., funds received, or credited to the contract, before they are invested, allocated or applied in accordance with the plan s instructions); or b) Disbursements (i.e., funds transferred from the contract and held in John Hancock s general account before actual disbursements are made from the general account). Float income is retained by John Hancock as additional compensation in connection with the recordkeeping and administrative services it provides under the group annuity contract and, if applicable, the recordkeeping agreement. Float income is not deducted from contract assets or participant accounts. Circumstances that Give Rise to Float Income Receipts When John Hancock receives funds without instructions that relate them to a specific contract, the funds are held in John Hancock s general account. When John Hancock receives funds in respect of a contract that are not accompanied by sufficient information (e.g., allocation information) or instructions that are in good order, these funds are held in the contract s cash account. John Hancock receives and retains float income while the funds are held in the general account or the contract s cash account. Receipts include, but are not limited to, funds relating to the following: 4 regular plan contributions, 4 rollover contributions, 4 transfers of assets from other sources, 4 plan loan repayments, 4 fee payments, or 4 adjustments due to administrative or processing errors In addition, if the plan is eligible for Plan Expense Reduction Credits ( PERA Credits ), John Hancock receives and retains float income while these credits are held in the Plan Expense Reduction Account under the contract ( PERA Account ). Disbursements When a payment is made from the contract pursuant to the plan s instruction, the funds are debited from the contract assets and held in John Hancock s general account pending settlement. The payments are made either by check or electronic payment drawn from John Hancock s general account. John Hancock receives and retains float income while the funds for these payments are pending settlement. Examples of such payments include, but are not limited to, the following: 4 distributions to plan participants or beneficiaries, 4 rollover distributions, 4 transfers of assets to other providers, 4 hardship withdrawal and loan disbursements to participants or beneficiaries, 8 OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.

9 4 service or transaction fee payments to the plan s service providers (e.g., third party administrator, registered investment advisor, etc.) that are debited from the contract at the time of the service or transaction but not forwarded to the service provider until the end of the calendar month or quarter, as the case may be, 4 payments to the plan s trustee for miscellaneous purposes, 4 federal and state withholding taxes, 4 payment of plan expenses from the plan s PERA Account under the contract, 4 liquidation of contract assets at termination, or 4 funds resulting from adjustments due to administrative or processing errors. Float Income Period Receipts John Hancock receives and retains earnings with respect to the Receipts for the following periods of time: 4 For amounts other than PERA Credits, from the date that the funds are received until they are withdrawn from the general account or the contract s cash account to be applied as instructed by the plan; 4 For PERA Credits, from the date that the funds are credited to the PERA Account until they are withdrawn to pay for plan s expenses or allocated to the participants accounts, whichever occurs earlier. Disbursements For earnings John Hancock receives and retains with respect to Disbursements, the time period varies depending on whether the disbursement on behalf of the plan is made by check or electronic payment: 4 If the disbursement is made by check, from the date that the funds are debited and transferred from the contract to John Hancock s general account until the day that the check is negotiated by the payee. 4 If the disbursement is made by electronic payment and the instructions received are valid and in good order, from the date that the funds are debited and transferred from the contract to John Hancock s general account until no later than 2 banking days following such date. If the instructions received are either not valid or not in good order, the funds are not debited from the contract until full and complete instructions have been received by John Hancock. Administrative Practices for Handling Receipts and Disbursements Receipts In general, when funds are received in its general account without any instructions that relate them to a specific group annuity contract, John Hancock has to wait for instructions from the relevant plan before it can credit the funds to the applicable contract. John Hancock may continue to receive and retain float income up to the full time period allowed under the Administrative Guidelines for Financial Transactions (the Administrative Guidelines ) for implementing plan instructions after receipt of valid instructions from the plan to transfer the funds out of the general account. When funds are received in respect of a contract that are not accompanied by instructions that are in good order, the funds are held in the contract s cash account. Based on information it has on file, John Hancock makes an effort, within a reasonable period of time and through periodic follow-ups, to contact the plan s representative (or the plan s designated contact) and obtain instructions for the disposition of the funds. Additionally, the plan may obtain information about the balance in the contract s cash account on the John Hancock Plan Sponsor website. As well, quarterly statements provided to the plan administrator include details about the funds held in the cash account and the date that they were received. John Hancock may continue to receive and retain float income up to the full time period allowed under the Administrative Guidelines after receipt of valid instructions from the plan to transfer the funds out of the cash account. 9 OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.

10 If the plan is eligible to receive PERA Credits, information about the balance of the credits and the Plan expenses disbursed from the PERA Account is reported in the quarterly statement provided to the plan. John Hancock receives and retains float income while the PERA Credits remain in the PERA Account, but until no later than the last market day of the plan year. If the plan fails to use up all the available credits by the fifteenth day before the end of the plan year, John Hancock allocates such remaining credits to the accounts of the plan participants as additional earnings by no later than the last market day of the plan year. The allocation is made on a pro rata basis, based on the invested balance of each participant under the contract as of the allocation date. Disbursements In general, if a payment is made from the contract pursuant to the plan s instruction, the funds are debited from the contract in accordance with the procedures and timelines set forth in the Administrative Guidelines. John Hancock receives and retains float income on the funds transferred from the contract and held in its general account, pending settlement. If a payment made by: (i) check is not cashed during the 180-day period following the issuance of the check, or (ii) electronic payment is not completed during the 2-banking-day period described above, (collectively, the unpaid funds ), John Hancock continues to hold the unpaid funds in its general account. Each month, a report that lists the unpaid funds for the preceding month is provided to the plan so that it may provide instructions to John Hancock for the dispositions of such funds. John Hancock may receive and retain earnings from the funds held in the general account up to the full time period allowed under the Administrative Guidelines for implementing plan instructions after the receipt of instructions that are valid and in good order from the plan, provided, however, that if the plan s instructions direct the unpaid amounts to be disbursed by check, then until the day that the check is negotiated by the payee. Rate of the Float The funds held in John Hancock s general account in the circumstances described above (or other similar circumstances) are generally invested in the company s US-dollar liquidity pool, which is part of the company s general operating funds. John Hancock anticipates that the float income received from this liquidity pool will approximate the London Interbank Bid Rate ( LIBID ), reduced by related investment, bank processing, transaction, and similar charges associated with overnight cash investments, and other similar expenses ( net earnings rate ). In circumstances in which the plan s assets are held in the contract s cash account and receive interest equal to the Funds on Deposit ( FOD ) rate, float income is received by John Hancock to the extent of the spread, if any, between the net earnings rate and the FOD rate paid to the plan. The FOD rate, which is established and declared by John Hancock each month (or more frequently as it may determine from time to time), approximates amounts generally paid by banks on short-term deposits. It may differ from the net earnings rate. In circumstances in which the plan s assets held in the contract s cash account do not receive FOD interest, the float income received and retained by John Hancock from such assets approximates the net earnings rate. The circumstances under which John Hancock credits FOD interest are described below. John Hancock credits FOD interest for the period during which funds have remained in the contract s cash account pending receipt of allocation instructions that are in good order. The FOD interest is credited automatically upon investment of allocations related to regular plan contributions, rollover contributions, and transfers of assets from other sources, and is allocated on a pro-rata basis, based on the contributions allocated to each participant included in the instructions. For purposes of this disclosure, Market day means a day that the New York Stock Exchange is open for trading, and Banking day means a day that the banks in the United States are open for business. A copy of the Administrative Guidelines is available on the John Hancock Plan Sponsor website. 10 OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.

11 To obtain group annuity investment option Fund sheets and prospectuses for each sub-account s underlying investment vehicle call for a plan sponsor with a plan domiciled in New York, for a plan sponsor with a plan domiciled in all other states call These documents contain complete details on investment objectives, risks, fees, charges and expenses as well as other information about the underlying investment vehicle, which should be carefully considered. Please read these documents carefully prior to investing. Both John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York do business under certain instances using the John Hancock Retirement Plan Services name. Group annuity contracts and recordkeeping agreements are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY Product features and availability may differ by state. John Hancock Investment Management Services, LLC, a registered investment adviser, provides investment information relating to the contracts. The term Funds, refers to sub-accounts investing in underlying mutual funds, offered to qualified retirement plans through a group annuity contract. There can be no assurance that either a Fund or the underlying funds will achieve their investment objectives. A Fund is subject to the same risks as the underlying funds in which it invests. For a more complete description of these risks, please review the underlying fund s prospectus, which is available upon request. Diversification does not ensure against loss. NOT FDIC INSURED MAY LOSE VALUE NOT BANK GUARANTEED NOT INSURED BY ANY GOVERNMENT AGENCY All rights reserved. PS GE 11/ GA OF 11 For Plan Sponsor use only. Not for distribution with participants or the public.