The Hartford Financial Services Group has seen a surge in sales of retirement plans to charitable and religious organizations prompting the insurance and wealth management company to add three faith-based investment fund families to help boost growth.
Defined contribution retirement plans have become more popular with nonprofit organizations such as churches and charities, spurring rapid growth in that segment of the retirement savings market for The Hartford. As a result The Hartford is adding investment options from the Timothy Plan, the Luther King Capital Management Aquinas Funds and the Ave Maria Mutual Funds to its lineup of 403(b), 401(a), 457 and 401(k) defined contribution retirement plans.
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