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Withdrawals made prior to age 59½ may be subject to a 10% IRS early withdrawal penalty and will be subject to ordinary income tax; state and local taxes may also apply.

The amount of fees you pay depends on the particular JHPFS service or product you choose. If you choose John Hancock Advice you will generally pay a fixed or hourly fee.

Cash Out Unless you're age 59½ or older, this is not an advisable option. If you are age 59 ½ or younger you will be charged a 10% early withdrawal penalty fee, plus regardless of your age, you will have to pay income taxes on the full amount withdrawn.

Not only are plan sponsors or participants often unaware that they're paying them, but they're always charged as a percentage of plan assets....What are Average John Hancock 401(k) Fees? Average John Hancock 401(k) FeesAvg. Plan Assets$1,076,512.59Per-Capita Admin Fees$430.34All-In Fees1.58%1 more row • 25 Jan 2023

Regular mail (default)—The payments will arrive within 5–7 business days. Overnight mail—The payments will arrive within 1–2 business days.

1. Avoid the 401(k) Early Withdrawal Penalty. If you withdraw money from your 401(k) account before age 59 1/2, you will need to pay a 10% early withdrawal penalty in addition to income tax on the distribution. For someone in the 24% tax bracket, a $5,000 early 401(k) withdrawal will cost $1,700 in taxes and penalties.