SRI Options Added to Hartford Plans

The Hartford Financial Services Group is introducing investment options from three faith-based investment fund families into its retirement plans.

A Hartford news release said the company is adding options from the Timothy Plan, the Luther King Capital Management (LKCM) Aquinas Funds, and the Ave Maria Mutual Funds to its lineup of 403(b), 401(a), 457 and 401(k) defined contribution retirement plans. The new funds are the Timothy Plan Large/Mid Cap Value Fund, the LKCM Aquinas Growth Fund, the LKCM Aquinas Value Fund, the Ave Maria Opportunity Fund, the Ave Maria Growth Fund, and the Ave Maria Rising Dividend Fund.

In addition, the Neuberger Berman Socially Responsive Investment Fund will be available through retirement plans from The Hartford.

“We are seeing increased demand for more socially responsible investments, in this case faith-based funds. Interest on the part of nonprofit organizations such as churches and charities in sponsoring retirement plans is growing tremendously,” said Peter Moore, vice president of The Hartford’s public sector retirement sales, in the news release. “People who work for nonprofit organizations and others are expressing interest in socially responsible investment strategies, including faith-based funds.”

According to the news release, the new offerings are being extended to plan sponsors and their participants who are new to The Hartford. In addition, the funds will be made available to existing retirement plan sponsors and their participants over time and as they are requested, according to Moore.