Products September 4, 2009

The Hartford Reopens MidCap Value Fund

September 4, 2009 (PLANSPONSOR.com) - The Hartford Mutual Funds has reopened The Hartford MidCap Value Fund to new investors effective September 1, 2009.
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According to a press release, the fund, which is sub-advised by Wellington Management Company, LLP, has been closed to new investors since August 2004 and has experienced normal outflows without the offsetting benefit of new cash inflows, which has opened up capacity for new investors. In addition, the company says the current market environment has created attractive new investment opportunities in the mid-cap space.

James Mordy, a senior vice president and partner at Wellington Management Company, has managed the Fund since its inception in 2001. He has 24 years of professional experience and has been managing mid-cap portfolios since 1997.

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The Hartford MidCap Value Fund (symbols – Class A:HMVAX, Class C:HMVCX) seeks to outperform the Russell 2500 Value Index by investing in stocks of mid-cap companies. The investment approach focuses on companies with below average price/earnings ratio and bottom-up security selection.

Products September 3, 2009

Great-West Offers Tools for 401(k) Day

September 3, 2009 (PLANSPONSOR.com) - Great-West Retirement Services has developed a communications campaign to support 401(k) Day, an event that encourages employers to set aside some time to remind their workforce of the importance of saving for retirement.
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The Great-West campaign is at www.save4retirement.net . A plan sponsor link on the site leads to tools that can be used for various sponsor goals (increasing enrollment, increasing savings, investment education, etc.). The tools include fliers, posters, suggested e-mails to be sent to employees, and presentations.

An employee link leads to a Retirement IQ quiz, information on enrolling in employer-sponsored retirement plans, calculators for how much to save and how saving affects an employee’s pay, a worksheet for determining risk tolerance and a corresponding asset allocation, and links to more educational resources.

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Charlie Nelson, president of Great-West Retirement Services , and chairman of the board of directors of The SPARK Institute , said in a press release: “ [I] t’s critical that our industry take advantage of opportunities like 401(k) Day to help people understand the importance of saving for their retirement.”   

The Profit Sharing/401k Council of America (PSCA) sponsors National 401(k) Day, now in its 14th year, which falls on the first Friday following Labor Day. While in years past, most PSCA materials were reserved for PSCA members only, this year it is making the annual 401(k) Day communication and education campaign available free to plan sponsors throughout the country (see PSCA Offers Free 401(k) Day Materials ).

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