Products June 15, 2004

Aviator 401(k) Takes Flight at The Hartford

June 15, 2004 (PLANSPONSOR.com)—The Hartford Financial Services Group introduced its new Aviator 401(k), designed for plan sponsors with $3 million or more in plan assets.
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The program offers access to 106 investment options from 25 money managers, with no proprietary investment option requirements, according to the firm.

The Aviator program is available through a group variable funding agreement and will be distributed through a national network of financial professionals.   Plan sponsors can choose to work with local third party administrators or choose to use a full-service platform.  Unless prior plan expenses are offset — an additional program feature, according to the Hartford – the platform has no contingent deferred sales charge.  

They also have the option to choose among automated program features such as electronic:

  • loans,
  • enrollments,
  • payment and remittance, and
  • plan compliance services (available to full-service plans only)

TheHartford  offers the new program in all states except WA, WI, and PA, where Aviator I, a group variable annuity version of the program, is approved.

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