NU Online News Service, May 21, 3:33 p.m. – Hartford Life Insurance Company, Simsbury, Conn., has introduced a new version of its 401(k) program for employers with fewer than 500 employees.
The new Director Advantage 401(k) program is based on a group variable annuity contract.
The new contract offers a total of 72 investment choices from well-known money managers, and employers can now make 44 choices available to employees, up from 16 before, Hartford says.