Tax Advantage Accounts
Life Events FAQs
Defined Benefit Plans
Not until after you have received your first payroll check will you be able to gain access. If accessing MyLifeNow for the first time, you will need to establish a User ID and PIN/Password.
Back to Top
Yes - You can rollover into the Farm Credit Foundations 401(k) plan any amounts from a prior employers qualified plan and/or any amounts from a “conduit IRA,” i.e. an IRA to which you had previously rolled over a prior 401(k) plan and to which you had not made any additional contributions.
A “Roll Into Plan” form will appear in the Request Forms item in the Menu on your 401(k) Home Page at
mylife.jhrps.com. You can also talk to a John Hancock Retirement Plan Services Participant Service Center representative about rollovers at
You are able to contribute from 1% to 75% of your eligible compensation.
You are vested 100% for the amount you contribute to your 401(k) account. For the employer match and fixed contribution portion of your 401(k) account, you are vested at a rate of 25% each year of employment, and fully vested after four years.
Yes - You may take a loan of up to the lesser of $50,000 or 50% of your vested account balance (reduced by the amount of the highest outstanding loan balance, if any, during the previous 12 months). The minimum amount of a loan is $1,000 up to a maximum of 2 loans. (See the Retirement section for more information).
Yes – your employer matches dollar-for-dollar up to 6%. They also contribute an additional 3% whether you contribute or not. (If you participate in a defined benefit plan, there is no 3% employer contribution and the maximum match is 4% dollar-for-dollar on the first 2% you contribute and 50 cents-on-the-dollar for the next 4%).