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The Hartford is a Fortune 500 company headquartered in its namesake city of Hartford, Connecticut. [3] It was ranked 160th in Fortune 500 in the year of 2020. [4] The company's earnings are divided between property -and- casualty operations, group benefits and mutual funds . The Hartford is the 13th-largest property and casualty insurance ...
The Massachusetts Mutual Life Insurance Company, also known as MassMutual, is a Springfield, Massachusetts -based life insurance company. MassMutual provides financial products such as life insurance, disability income insurance, long term care insurance, retirement/401 (k) plan services, and annuities. Major affiliates include Barings LLC, and ...
A 401 (k) plan is a tax-advantaged retirement savings tool offered by employers that allows eligible employees to contribute a portion of their salary up to a set amount each year. Unlike ...
In June 2009, after facing pressure from the company shareholders, Ayer announced his retirement from The Hartford by the end of the year. He stepped down as CEO on 1 October 2009. He received a $39.9 million lump sum pension in 2010, a particular pension plan provided by Hartford.
The Hartford (HIG) is a big player in the 401(k) market. According to its website, it administers over 30,000 plans, with $41 billion in assets under management on behalf of 1.6 million plan ...
A 401 (k) match allows an employee to receive 'free' money from their employer for contributing to their retirement plan. The amount of the match can differ, and the employer contribution may be a ...