John Hancock Retirement Plan Services, LLC and Farm Credit

John Hancock Retirement Plan Services, LLC and Farm Credit Foundations are not affiliated and neither is responsible for the liabilities of the other.
As Farm Credit employers, we take great pride in offering a
401(k) plan that is strategically designed to best help you save
for your future. We follow a philosophy in which we strive to
provide a retirement program that is:
Valuable to you and your family by meeting your needs;
Leading the market in the way of new features and best-in-class services offered to you;
Financially sustainable so over the long term both you and the Plan can manage the costs
associated with saving;
Flexible, by offering an investment menu with a variety of funds and a competitive advantage, so you
can cultivate a strong financial future, your way; and
Easy for you to use to save regularly for your future.
With that philosophy in mind we are pleased to announce an enhanced investment menu and changes to
the investment options in your Farm Credit Foundations Defined Contribution/401(k) Plan
(“the Plan”), effective July 2, 2015. This brochure includes an overview of what is changing about the
Plan and how those changes may impact you. You will also find a list of tools, resources, and important
dates. Please take time to read through this information carefully to ensure you’re making the most of
your Plan and the available investments.
FOR QUESTIONS ABOUT THE PLAN …
or these changes, you may contact the John Hancock Retirement Plan Services (JHRPS) Participant
Service Center at 800.294.3575. Our representatives are available from 8 a.m. to 10 p.m. Eastern
time (ET) on New York Stock Exchange business days. (For your protection, all calls to the Participant
Service Center are recorded.)
Enhanced Investment Menu
Effective July 2, 2015, the Plan will offer an enhanced investment menu that includes many of the current investment options available
to you, plus new funds. The Plan will continue to offer a broad range of asset classes from which you can choose, but the way in which
these funds are organized will make your review, assessment, and selection even easier. There will be investment options for every type of
investor, helping you prepare for a secure future.
These changes are another example of the Plan evolving. It continues to be an innovative and effective retirement plan, offering a
comprehensive investment menu that gives you options to cultivate a strong financial future, your way.
The biggest change you will notice is that funds in the investment menu will be organized into four “investment tiers” based on the level of
involvement you may desire in your investment elections. Those investment tiers are shown below.
Overview of the Enhanced Investment Menu
Available July 2, 2015
Investment Tiers
Type of Investor / Level of Involvement
Investment Categories
I
Do it for me
Target Date and Balanced Funds
II
III
IV
Passively Managed Funds
Help me do it
Actively Managed Funds
Leave me to do it
Specialty Options
It’s important to note that you can choose funds from any of the investment tiers above. The enhanced investment menu is a guide to help
you identify with a particular type of investment strategy or level of involvement you wish to have. It is not intended to limit you to only one
tier or one type of investment.
TO REVIEW ADDITIONAL DETAILS …
about the enhanced investment menu, turn to page 7. You can find
information regarding fund mapping and new investment options on page 9.
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Why the Plan Is Changing
Along with assistance from outside investment experts, the Farm Credit Foundations Trust Committee (the Trust Committee) continually
evaluates options and makes decisions about the Plan on your behalf as a participant. The changes outlined throughout this brochure
reflect several opportunities that were identified to offer you a more streamlined and effective investment menu.
By removing duplicative funds and adding new funds, gaps within the current investment menu have been filled. The funds will now
be grouped into tiers based on the type of investor you are and level of involvement you desire, making it easier for you to select the
investments that are best for you.
With the restructuring of the investment menu, you will be better able to identify the differences between your options, which in turn
will help improve your readiness for the future. A wide range of best-in-class investment options have been made available including
conservative and aggressive investment options, target date funds, and self-directed brokerage so that there are choices for everyone.
You can now choose from certain funds that have not been offered in the past, allowing for even better diversification. Diversification
is a risk management technique that mixes a variety of investments within a portfolio. If you diversify your assets, your investment
performance may fluctuate less because losses from some investments are offset by gains in others.* Examples of the new funds and the
rationale behind their inclusion in the Plan include:
u Passively
managed funds that typically offer lower costs, but without many of the risks associated with active management.
u The DFA Emerging Markets Equity Fund, allowing you access to a growing and important part of the global marketplace.
u The Principal Diversified Real Asset Fund providing diversification away from traditional stocks and bonds, as well as a hedge against
different types of inflationary environments.
* Diversification cannot assure a profit or protect against loss in a declining market.
Fund balances will map automatically and there is no action needed
from you. However, a plan change is a good opportunity to review your
investment strategy, increase your contribution rates, and confirm or update
your beneficiary designations.
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THE RETIREMENT INCOME
CALCULATOR …
New Ways to Help You Save for Retirement:
Choices for Every Type of Investor
As investors, we don’t all want the same level of involvement in our investment
selection and our desired level of involvement may change depending on our changing
circumstances. With this in mind, the Plan offers investment choices for every type
of investor.
can help you determine how
much income you will need in
retirement and whether or not
you are on track to meet your
goals. To learn more, visit
“My Learning Center” at
mylife.jhrps.com.
Target Date Funds
If you want less involvement, you may want to choose funds that provide a pre-mixed
blend of asset classes, such as target date funds. You select a fund that is aligned to the
year closest to when you anticipate beginning to regularly withdraw your savings—such
as your retirement date. The fund provides exposure to a diverse mix of asset classes
that automatically adjusts over time to become more conservative as you get closer to your retirement date. Target date funds are not
guaranteed to have a positive investment return. You should take note that it is possible to lose money in any target date fund before and
after the fund’s target date is reached.
Passively Managed Funds and Actively Managed Funds
If you want more involvement, you can create your own mix of funds that invest in specific asset classes. These include both
Passively Managed Funds and Actively Managed Funds.
PASSIVELY MANAGED FUNDS are meant to match
the performance of a broad asset class and are
managed to reflect the market performance of an index,
a list of representative securities in an asset class. Fund
managers tend to buy and sell securities only to reflect
changes in the fund’s underlying index. For this reason,
index funds generally charge lower management fees
than actively managed funds.
ACTIVELY MANAGED FUNDS are meant to aim to
beat the performance of the broad asset class.
Unlike passively managed options, actively managed
funds aim for returns that are higher than the
average performance of their asset class, usually as
measured against an index. Fund managers constantly
track asset classes and holdings so they can take
opportunities to buy securities with growth potential or
sell underperforming securities as they occur. For this
reason, actively managed funds tend to charge higher
management fees than index funds.
Like any other fund it is important to review the performance of passively and actively managed funds to ensure performance is in
line with stated goals and that the asset class offers you the right level of potential risk and return for your investor type. Performance
is included in the fund fact sheets at the end of this brochure. Ongoing, you can access performance from the Fee/Fund Disclosure
Document updated, and posted monthly, at mylife.jhrps.com.
Self-Directed Brokerage Account
If you want the most amount of involvement, you can select investments via the Self-Directed Brokerage Account, which gives you access
to investment alternatives beyond those offered in the Plan. These investment choices may be subject to lesser or greater volatility and
risk of loss than the investment options in the Plan.
CURIOUS WHICH TYPE OF INVESTOR
YOU MIGHT BE?
Turn to pages 5 and 6 to self-assess.
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Explanation of Tiers
Do it for me
I
This tier is designed for individuals who want less involvement when selecting
investments. It includes funds that provide a pre-mixed blend of asset classes, called
target date funds. With target date funds you select a year closest to when you anticipate
beginning to regularly withdraw your savings—such as your retirement date. The fund
provides exposure to a diverse mix of asset classes. The mix automatically adjusts over
time to become more conservative as you get closer to your retirement date.
Mike is a Financial Services Officer in Kansas who started participating in the Plan and contributing just enough to receive
the employer match. He has a lot on his plate and while he is willing to take risks, he is not knowledgeable about how to best
approach managing his investments. Mike might want to consider the DO IT FOR ME tier.
Help me do it
II
III
Patricia, a Credit Analyst in California has been participating in the Plan for quite some time and is receiving the employer
match, but she hasn’t made changes to her investments or contributions for a few years. She has competing short-term
goals like saving for college and a new car. Patricia has previously met with a financial advisor and she is interested in
managing her investments. Patricia might consider the HELP ME DO IT tier.
Leave me
to do it
IV
If you would like more involvement, this tier allows you to create your own mix of funds
that invest in specific asset classes. These include Passively Managed Funds that attempt
to match the performance of a broad asset class and Actively Managed Funds that aim to
beat the performance of a broad asset class.
This tier is designed for those who want the most involvement when building and
managing a portfolio. It allows individuals to select investments via the
Self-Directed Brokerage Account.
Alan is a Customer Service Representative in Nebraska who is actively participating in the Plan and saving in outside
accounts. He has regular meetings with his financial advisor to assess his investment strategy, review progress, and
discuss potential changes. He enjoys following the markets and takes pride in managing his family’s finances. Using the
LEAVE ME TO DO IT tier for some or all of his investments might be a good fit for Alan.
Of course Mike, Patricia, or Alan could choose investments from any of the tiers and as things change in their lives, so too could their
level of desired involvement in selecting and maintaining an investment portfolio.
5
Determine Your Investor Type
When you choose investments, you need to consider your goals, risk tolerance, desired
level of involvement, and time horizon to make sure the investments you choose are
appropriate for you from a risk and long-term goal perspective. Investing a portion of your
account in a number of different asset classes, may help you manage portfolio risk, but if
you limit your investments to only the most conservative choices, you could compromise
your ability to live the lifestyle you want during retirement. Depending on your goals
and time frame, you’ll need to decide if you should assume more risk to seek a higher
potential return.
Remember that you are investing for a long-term goal—your retirement. Exposing your
savings to some risk in exchange for the potential to earn higher returns may be an
appropriate strategy, especially if you still have many years to go before your retirement
begins. The Trust Committee has carefully selected the funds on the enhanced investment
menu to give you the opportunity for potential risk and return within the Plan.
YOU MAY BE …
an investor who wants a low
level of involvement and has
low risk tolerance. Or you may
be an investor who wants a
high level of involvement with a
high risk tolerance. Or you could
land anywhere in between. You
should carefully consider your
goals and personality to choose
investments that are the best fit
for you.
If you are trying to determine what kind of investor you are, you need to first determine how involved you want to be
and how much risk can you tolerate. The following questions could help you get a sense of both:
How Involved Do I Want to Be?
u Do I find investing interesting?
u Do I have a lot of investing experience?
u Am I comfortable choosing my own investments?
u Do I have time to spend reviewing my investment performance?
How Much Risk Can I Tolerate?
u Do I have enough time before I retire for my investments to recover from a loss?
u Is staying ahead of inflation or maintaining stable principal value more important to me?
u If an investment loses money in the short-term, can I resist the temptation to sell it?
u Do I plan on withdrawing my retirement savings for major expenses prior to retirement?
Managing Risk Through Diversification
Having your entire account balance invested in one fund means your account value is subject to the return or loss of that one investment.
You could benefit if the investment performs well, but, if the investment performs poorly, you won’t own any other investments that could
perform well enough to help offset your loss. One way to manage this risk is by diversifying your investments—investing in a range of
asset classes that offer different levels of potential risk and return.
Asset classes fall along a spectrum of risk and return. Some asset classes offer greater potential for investment returns in the future,
which helps investors stay ahead of inflation. However, these asset classes tend to have a higher potential for losing value in the
marketplace. Other asset classes tend to have a lower risk of losing value in the marketplace, but tend to offer lower potential returns.
This means that their value might not stay ahead of inflation over time. Please note that diversification does not guarantee a profit or
assure against a loss.
As you age and your goals become more within reach, you may find that your investor type changes and that you may adopt a more
conservative strategy to protect gains you have accumulated over the years, although one that still allows for some growth potential to
outpace inflation. It is important to perform this exercise on a regular basis to ensure that your investment selections continue to match
your investor type.
6
New Tiers and Fund Types
Below is a table listing the new tiers as well as the available fund types. For information on specific funds available, please refer to the
fund fact sheets available at the end of this brochure.
Do it for me
II. Passively Managed
Core Options
CONSERVATIVE
I. Target Date and Balanced
Funds
Help me do it
III. Actively Managed
Core Options
IV. Specialty Options
Capital Preservation
• FCF NYLIM Western Frozen
Fixed Dollar Fund*
• FCF NYLIM Anchor Account IV
Balanced Fund
Vanguard Wellington Fund Admiral
Diversified US Fixed Income
BlackRock U.S. Debt Index
NL Fund
Diversified Fixed Income
Loomis Sayles Core Plus Fixed
Income Trust
Global Fixed Income
Legg Mason BW Global Opps
Bond Fund
Target Date Funds
Vanguard Target Retirement Trust II
(in five-year increments)
Large Cap Equity
BlackRock Equity Index
NL Fund
Diversified Inflation
Principal Diversified Real
Asset Fund
Small/Mid Cap Equity
BlackRock Russell 2500 Index
NL Fund
Large Cap Equity
• FCF Dodge & Cox Stock Fund
• Vanguard PRIMECAP Fund
Admiral
World Ex-US Equity
BlackRock MSCI ACWI Ex-U.S.
IMI Index NL Fund
US SMID Cap Equity
FCF SMID Cap Funds:
• Atlanta High Quality SMID Fund
• Boston Co. US SMID Opp. Value
Equity Fund
International Equity
Dodge & Cox International
Stock Fund
AGGRESSIVE
Emerging Markets Equity
DFA Emerging Markets Core
Equity Fund
Morningstar® Retirement ManagerSM or OnTargetSM can provide
additional help using these core investment funds.
* The Frozen Fixed Dollar Fund is closed to new investments.
** Self-Directed Brokerage accounts are offered through TD Ameritrade, Inc. which is not affiliated with John Hancock.
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Leave me to do it
Self-Directed
Brokerage Account**
Farm Credit Self-Directed
Brokerage Account
Morningstar Retirement Manager (free online investment advice)
Visit mylife.jhrps.com/morningstar and click the Morningstar® “Power Up Your
Retirement Plan” banner.
Morningstar Retirement Manager assesses your current situation, including information
you can input about you or your spouse’s outside assets and income, and provides free
online advice for asset allocation and fund selection using the tier I, II, and III funds.
OnTarget (fee-for-service total account management)
Visit mylife.jhrps.com/ontarget and click “Launch the OnTarget Enrollment Wizard.”
OnTarget determines a contribution rate, chooses an investment mix that’s right for you using
the tier I, II, and III funds and periodically adjusts the mix. This “managed account option”
automatically increases your contribution rate 1% each year until you reach 15%. You can elect
or cancel participation at any time. OnTarget fees* range from 0.20% to 0.50%—half a penny
or less for each dollar invested—depending on your account balance:
According to a 2013 study*
of 723,000 participants in 14
large 401(k) plans, those who
used investment help options
experienced average annual returns
of 3.32% better than those who
managed their own accounts. The
3.32% rate of return difference over
a 20-year period could mean a 79%
greater 401(k) account balance!
* Aon Hewitt/Financial Engines, “Help In
Defined Contribution Plans: 2006 through 2012”,
May 2014
0.5% on the first $50,000
u 0.4% on the next $50,000
u 0.3% on the next $150,000
u 0.2% on amounts over $250,000
u
Sample OnTarget Fees:
Account Balance
Monthly Fee
$10,000
$4.17
$60,000
$24.17
$100,000
$37.50
$250,000
$75.00
$500,000
$116.67
* You can add information about you or your spouse’s outside assets and income in order for OnTarget to
take these into consideration, but the fees are based only on your 401(k) balance.
Participation in the OnTarget program does not guarantee a profit or ensure against a loss.
Morningstar Associates, LLC, a registered investment advisor and wholly-owned subsidiary of Morningstar, Inc.,
serves as the independent financial expert for OnTarget and is not affiliated with John Hancock Retirement Plan
Services, LLC.
Morningstar® Retirement ManagerSM is offered by and is the property of Morningstar Associates, LLC, a registered
investment advisor and subsidiary of Morningstar, Inc. and is intended for citizens or legal residents of the United
States or its territories.
If you prefer to speak to a representative about these online tools,
please call the Participant Service Center at 800.294.3575 and ask
for the Personal Financial Solutions (PFS) desk.
8
Fund Mapping to New Investment Options
Effective July 1, 2015, at 4 p.m. Eastern time, the funds that will no longer be offered in the Plan’s investment menu will be
automatically mapped or moved as noted below. Please view the fund change information (below) including details on the transfer of
balances to the new funds.
The following chart shows how your current account balance and future contributions will be invested.
Asset Class
Balances in This Fund…
…Will Be Invested in This Fund
Estimated
Expense Ratio*
I
II
Estimated
Expense Ratio
Balanced
Vanguard Wellington Fund Admiral
0.18%
Vanguard Wellington Fund Admiral
0.18%
No Change
Target Date
Vanguard Target Date Trust
0.11%
Vanguard Target
Retirement Trust II
0.11%
New 5-year increments
US Large Cap Equity
SSgA S&P 500 Index NL
0.03%
BlackRock Equity Index NL
0.03%
New Fund Offering
US Fixed
BlackRock U.S. Debt Index NL
0.05%
SMID
BlackRock Russell 2500 Index NL
0.06%
International
BlackRock MSCI ACWI
ex-US IMI Index NL
0.12%
III
New Asset Class Offering
FCF NYLIM Anchor Account IV
0.30%
FCF NYLIM Anchor Account IV
0.30%
Stable Value
FCF NYLIM Western Frozen
Fixed Dollar
0.25%
FCF NYLIM Western Frozen
Fixed Dollar
0.25%
US Fixed
PIMCO Total Return**
0.37%
Loomis Sayles Core Plus Fixed
Income Trust
0.25%
International Fixed
Legg Mason BW Global
Opps Bond Fund
0.58%
Legg Mason BW Global
Opps Bond Fund
0.58%
FCF Dodge & Cox Stock Fund
0.44%
FCF Dodge & Cox Stock Fund
0.44%
Vanguard PRIMECAP
Fund Admiral
0.36%
Vanguard PRIMECAP
Fund Admiral
0.36%
FCF Earnest Mid Cap Value
0.60%
FCF Munder Mid Cap Growth
0.72%
FCF Earnest Small Cap
Value Fund
0.59%
FCF SMID Cap Fund
0.72%
New Asset Class Offering
FCF TimesSquare Small
Cap Growth
1.05%
Dodge & Cox International
Stock Fund
0.64%
Dodge & Cox International
Stock Fund
0.64%
No Change
Emerging
Markets Equity
DFA Emerging Markets
Core Equity Fund
0.61%
Diversified
Inflation Hedge
Principal Diversified Real
Asset Fund
0.74%
Self-Directed Brokerage Account
through TD Ameritrade
N/A
US Large Cap Equity
US SMID Cap Equity
International Equity
IV
What’s Changing?
Self-Directed Brokerage Account
through TD Ameritrade
N/A
No Change
New Fund Offering
No Change
New Asset Class Offering
No Change
* A measure of what it costs an investment company to operate a mutual fund. An expense ratio is determined through an annual calculation, where a fund’s
operating expenses are divided by the average dollar value of its assets under management. Operating expenses are taken out of a fund’s assets and lower the return
to a fund’s investors.
** The PIMCO Total Return Fund was removed from the Plan’s investment menu on April 27, 2015. All assets in that fund on May 1, 2015, were mapped to the
Loomis Sayles Core Plus Fixed Income Trust
9
Target Date Fund Changes
In addition to the changes previously discussed, there are other changes to the Plan’s investment options also set to
take effect on July 2, 2015. Again, these changes are a direct result of our periodical review of the investment options
available to you in an attempt to ensure we are offering high-quality funds with competitive fees.
You will also notice that we have added a number of target date funds. The Plan now offers target date funds in 5-year
increments. This will allow you to choose a fund even more closely aligned to your retirement date. Remember, target date
funds are designed to automatically adjust as you get closer to your retirement date. To help you get the intended results,
you should invest in only one target date fund.
The new default fund will be the appropriate target date fund based on your year of birth according to the chart below. If you
do not have an investment election on file as of July 1, 2015, your existing account balance and future contributions will be
invested in this fund. Any amounts invested in the old default fund prior to that date will be invested according to the fund
mapping strategy.
Target Date Funds
Year of Birth
Vanguard Target Retirement 2010 Trust II
1949 or earlier
Vanguard Target Retirement 2015 Trust II
1950 to 1954
Vanguard Target Retirement 2020 Trust II
1955 to 1959
Vanguard Target Retirement 2025 Trust II
1960 to 1964
Vanguard Target Retirement 2030 Trust II
1965 to 1969
Vanguard Target Retirement 2035 Trust II
1970 to 1974
Vanguard Target Retirement 2040 Trust II
1975 to 1979
Vanguard Target Retirement 2045 Trust II
1980 to 1984
Vanguard Target Retirement 2050 Trust II
1985 to 1989
Vanguard Target Retirement 2055 Trust II
1990 to 1994
Vanguard Target Retirement 2060 Trust II
1995 or later
All Other Funds Added
BlackRock Equity Index NL Fund
BlackRock U.S. Debt Index NL Fund
BlackRock Russell 2500 Index NL Fund
BlackRock MSCI ACWI Ex-U.S. IMI Index NL Fund
Loomis Sayles Core Plus Fixed Income Trust
FCF SMID Cap Fund
DFA Emerging Markets Core Equity Fund
Principal Diversified Real Asset Fund
10
Plan Changes At-a-Glance
Timing
What’s changing?
How does it impact me?
What action
should I take?
July 1, 2015
Some investment options removed
from the Plan
If you have a balance in these funds,
it will be automatically moved to a
corresponding fund still available in the
Plan’s investment menu
If desired, move your balances prior to
July 1, 2015, at 4:00 pm or wait until
changes are complete to review and
change your investment allocations
July 2, 2015
Enhanced investment
menu available
The investment menu will be organized
into four tiers based on the level of
involvement you may desire in your
investment elections. You can choose
funds from any of the investment tiers
Use the new investment
menu as a guide when setting your
strategy and selecting your investments
July 2, 2015
Investment options
added to the Plan
Broader selection on investment
options will be available, including
5 new target date funds
Review the new funds
and determine if any are
right for you
To contact us, visit mylife.jhrps.com. Or, call 800.294.3575 to speak with a
JHRPS Participant Service Center representative. Representatives are available
from 8 a.m. to 10 p.m. ET on New York Stock Exchange business days. For your
protection, all calls to the Participant Service Center are recorded.
11
12
Tools and Resources
Farm Credit Foundations Website (FarmCreditFoundations.com)
Look for continuous updates and important information regarding the upcoming fund changes.
John Hancock Retirement Plan Services Website (mylife.jhrps.com)
u Morningstar guidance and advice
u Contribution calculator
u Replacement income calculator
u Auto increase program
u Educational Brainsharks/videos
Total Rewards Statement
This annual personalized statement is designed to highlight your total cash compensation and value of benefits that are employerpaid, employee-paid, or cost-shared. The statement also displays the current and projected value and estimated retirement income
from the Farm Credit Foundations retirement programs.
John Hancock Retirement Plan Services Educational Live Webinars
Look for details regarding scheduled webinars before and after the effective date of the fund change and throughout 2015, including
topics such as debt management and draw-down strategies.
Retirement Calculator
The “My Retirement” Income Calculator provides an estimated annual retirement income figure based on information you provide
and certain plan parameters. It takes into account your current plan savings and estimated Social Security benefit into account, plus
your assumptions for annual salary, retirement age, and annual investment returns.
Mobile App
Scan the QR code to download the MyLifeNowSM mobile app for iOS or Android.
Participant Service Center
For questions about the Plan, or these changes, you may contact the Participant Service Center at 800.294.3575.
Our representatives are available from 8 a.m. to 10 p.m. Eastern time (ET) on New York Stock Exchange business days.
(For your protection, all calls to the Participant Service Center are recorded.)
Personal Financial Solutions Call Center
In addition to our Participant Service Center, you can receive personalized assistance from our Personal Financial Solutions (PFS)
call center. Knowledgeable PFS representatives can provide one-on-one support with understanding your plan’s retirement savings
tools and features, explaining options available to you for the development of a personal retirement savings strategy, and navigating
Morningstar® Retirement ManagerSM, enrolling in OnTargetSM, or reviewing your Plan’s investment options. Call 800.294.3575 and
ask for the PFS desk.
The content of this document is for general information only and is believed to be accurate and reliable as of posting date but may be subject to change.
John Hancock does not provide investment, tax, or legal advice. Please consult your own independent advisor as to any investment, tax, or legal statements
made herein.
10
13
Saving for the future is a partnership. Through the Plan, you and your employer
contribute toward your future financial needs, encouraging you to cultivate an
investment strategy that’s right for you.
Remember, creating personal wealth depends on your active preparation today.
Please read the materials thoroughly, share this information with your spouse or
partner, attend an education webinar, ask questions, and get the information you
need to make confident decisions.
In addition, we encourage you to review the tools and resources available on
mylife.jhrps.com, and consult a personal financial advisor.
The Plan is not the only way you can save for your future. Also take into account
Social Security, IRAs, any additional personal savings you may have, and any other
savings plan or pension benefits.
14
A fund’s investment objectives, risks, charges and expenses should be considered carefully before investing.
The prospectus contains this and other important information about the fund. To obtain a prospectus, contact
John Hancock Retirement Plan Services LLC at 800.294.3575 or visit our website at mylife.jhrps.com. Please read
the prospectus carefully before investing or sending money. Prospectus may only be available in English.
All mutual funds are subject to market risk and will fluctuate in value.
Please note that all investments, including mutual funds, are subject to market risk, including possible loss of principal.
Mutual funds are offered through NYLife Distributors LLC, 169 Lackawanna Avenue, Parsippany, NJ 07054.
The stable value option seeks capital preservation, but there can be no assurance that this goal will be achieved. Returns will fluctuate with interest rates and market
conditions.
Funds that invest in bonds are subject to interest rate risk and can lose principal value when interest rates rise. Bonds are also subject to credit risk, in which the
bond issuer may fail to pay interest and principal in a timely manner, or that negative perception of the issuer’s ability to make such payments may cause the price of
that bond to decline.
Investments in small- and mid-capitalization companies may be more volatile than investments in large-cap companies. Investments in small-cap companies may
have additional risks because these companies have limited product lines, markets or financial resources.
Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political
and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging
markets than in developed markets.
The principal risk of growth stocks is that the security’s earnings may not increase at the expected rate. Investors generally expect growth companies to perform at a
higher rate than non-growth companies. If expectations are not met, the market price may decline significantly, even if earnings showed an absolute increase.
The “target date” in a target date fund is the approximate date an investor plans to start withdrawing money. Because target date funds are managed to specific
retirement dates, investors may be taking on greater risk if the actual year of retirement differs dramatically from the original estimated date. Target date funds
generally shift to a more conservative investment mix over time. While this may help to manage risk, it does not guarantee earnings growth nor is the fund’s principal
value guaranteed at any time including at the target date. You do not have the ability to actively manage the investments within target date funds. The portfolio
managers control security selection and asset allocation. Target date funds allocate their investments among multiple asset classes which can include U.S. and
foreign equity and fixed income securities.
John Hancock Retirement Plan Services LLC is also referred to as “John Hancock”.
The content of this document is for general information only and is believed to be accurate and reliable as of posting date but may be subject to change. John Hancock does not
provide investment, tax, or legal advice. Please consult your own independent advisor as to any investment, tax, or legal statements made herein.
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