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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 ...
In 2012, MassMutual agreed to purchase The Hartford's Retirement Plans business, ultimately acquiring it January 1, 2013. This acquisition built on MassMutual's record retirement business growth, added complementary markets and distribution capabilities, and nearly doubled the number of retirement plan participants MassMutual served. [73]
In June 2009, after facing pressure from the company shareholders, [8] Ayer announced his retirement from The Hartford by the end of the year. [9] He stepped down as CEO on 1 October 2009. [ 10 ] He received a $39.9 million lump sum pension in 2010, a particular pension plan provided by Hartford.
Even middle-class workers with access to 401(k)s aren't always participating, with the Transamerica study finding that about 1 in 7 aren't using their employer-sponsored plans.
A recent study by BlackRock and Human Interest reveals an eye-catching gap in retirement savings between workers with access to employer-sponsored retirement plans and those without. The data ...
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