A press release said The Hartford has simplified Fiduciary Assure, increased the investment options covered by the service, and eliminated the fee it currently charges clients for the service. Mesirow Financial, an independent, third-party registered investment adviser, will act as a co-fiduciary to defined contribution retirement plan sponsors for the investment options it recommends, according to the announcement.
Fiduciary Assure is designed for retirement plan sponsors who want to protect themselves against legal challenges by providing investment options to the plan that are in compliance with ERISA Section 404(c).
“We feel strongly that plan sponsors need access to a fiduciary service like ours,” said Marty Swanson, vice president and chief marketing officer of The Hartford’s Retirement Plans Group, in the announcement. “The availability of true co-fiduciary protection, at no additional cost to the plan, should give plan sponsors added peace of mind.”
More information is at www.thehartford.com .