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John Hancock's Self-Dealing Hurt 401(k), Employees Say

By Brian Dowling ( February 28, 2020, 8:44 PM EST) -- John Hancock's lax management of its employees' 401(k) retirement plan and preference for its own pricey and proprietary investment options cost workers tens of millions of dollars in bloated administration fees and lost profits that could have been raised by better-managed funds, according to a proposed class action filed in Massachusetts. ...

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