The Hartford’s recent announcement to divest its retirement division has more to do about the economy and the parent’s corporate direction, perhaps instigated by an activist investor, than it does about the quality of its retirement business.
Hartford is and has been in 401(k) heaven based on a rather healthy 401(k), 457 and 403(b) business, top five market share based on number of plans, $52 billion in AUM as well as a series of successful strategic acquisitions.