The Hartford Expands DC Plan Investment Options

The Hartford introduced three investment managers and 16 investment options to its defined contribution (DC) retirement program offering.

Two investment managers, Calamos Investments and Delaware Investments, were added to retirement plans for both corporate and nonprofit sponsors. A third manager, TIAA-CREF, was added for nonprofit sponsors, including schools, charities, government entities and others. Sixteen investment options, which are available from the new investment managers and other managers already accessible through The Hartford’s retirement investment platform, were also added.

Corporate and nonprofit plans now have access to the Calamos Global Equity Fund, the Delaware Diversified Income Fund and the Delaware Extended Duration Bond Fund.

In the nonprofit sector, The Hartford now offers the TIAA-CREF Bond Index Fund, the TIAA-CREF Equity Index Fund, the TIAA-CREF Large-Cap Growth Index Fund and the TIAA-CREF Large-Cap Value Index Fund.

Nine additional investment options are being provided by investment managers currently available on The Hartford’s platform. Two of those options, the PIMCO Total Return III Fund and the Invesco Real Estate Fund, were added to The Hartford’s lineup for nonprofits. The PIMCO Total Return II Fund, a socially responsible fund, complements the insurer’s existing lineup of socially responsible investments.

Seven new investment options are available to both corporate and nonprofit sponsors: the Eaton Vance Atlanta Capital SMID-Cap Fund; the Federated Clover Small Value Fund; the Hartford High Yield Fund; the Invesco Van Kampen American Franchise Fund; the Oppenheimer Equity Income Fund and the Oppenheimer International Diversified Fund; and the Prudential Jennison Natural Resources Fund.

“As more Americans approach or enter retirement, the focus on preparing for retirement and how best to achieve savings objectives continues to grow,” said Sharon Ritchey, executive vice president of The Hartford’s Retirement Plans Group. “Plan sponsors and their participants want more choices to invest their hard-earned dollars as they plan for their later years.”

The Hartford’s DC retirement plans, which offer an open-architecture platform for investment funds, now allow plan sponsors to choose from 294 funds available through 80 fund managers.