Hartford's 401(k) Has Income Option

June 2008
Best's Review;Jun2008, Vol. 109 Issue 2, p24
Trade Publication
The article reports that Hartford Financial Service Group Inc.'s employees will have an option to buy guaranteed lifetime income in the company's 401(k) plan. It is noted that lifetime income will be acquired through contributions, exchanges and rollovers, and will be qualified for the company's employer match. The company contracts with Fidelity Investments for the plan's recordkeeping and administrative services.


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