The company said it has supplied documents requested by the DOL and is working diligently to make sure the 401(k) follows all the rules.

Paperwork has always been a burden for businesses of all sizes, especially paperwork that is required by various government agencies in response to regulatory requirements. However, while large companies often have well-staffed departments that specialize in the various paperwork requirements imposed on businesses by government agencies, small businesses often find...

Rising demand is encouraging businesses to hold the line on dismissals and take on more workers.

The combined RPS businesses means John Hancock now works with more than 55,000 plans covering 2.5 million participants, moving the company into the top 15 of mid-size plan providers, and solidifying it as the leader in the small plan market.