The Hartford 2008 Annual Report Download - page 778

It is the intention of Hartford Fire, the sponsor of the Plan, that The Hartford Stock Fund shall be a permanent feature of the
Plan, and shall continue to be invested exclusively in The Hartford Stock (except to the extent of cash in The Hartford Stock
Fund necessary to facilitate transactions into and out of The Hartford Stock Fund) without regard to (A) the diversification
of assets, (B) the risk profile of investment in The Hartford Stock, to the maximum extent consistent with the presumption of
prudence established under applicable law with respect to investments by an eligible individual account plan as defined in
ERISA (“EIAP”) and/or ESOP in employer common stock, (C) the amount of income provided by The Hartford Stock,
(D) fluctuation in the fair market value of The Hartford Stock, and (E) the relative investment returns of The Hartford Stock
Fund in comparison to any investment index, industry peer group, or any other performance measure that might be
appropriate to investment options other than The Hartford Stock Fund, in view of the purpose of the Plan as an EIAP, and of
The Hartford Stock Fund as an ESOP, provide Members (including Deferred Members) with the opportunity to own
beneficially The Hartford Stock. The Company shall appoint an independent named fiduciary and investment manager for
the assets of the Plan that consist of The Hartford Stock held in The Hartford Stock Fund (the “Stock Fund Fiduciary”), and
it is the intention that the Stock Fund Fiduciary shall maintain The Hartford Stock Fund as a permanent feature of the Plan in
accordance with this section to the fullest extent permitted by ERISA (taking into account, without limitation, that Members
and Deferred Members have available to them other investment options under the Plan and are able to construct a diversified
portfolio of investments consistent with their individual desired level of risk and return). To the extent permitted by law, and
to the extent not otherwise paid by the Company, expenses associated with the services provided by the Stock Fund
Fiduciary shall be paid from the assets of the Plan.
8.2 Trustee Investment of Contributions in Investment Funds. Contributions to the Plan shall be invested by the Trustee
in the Investment Funds as described below. An account shall be established for each Member and Deferred Member in each
Investment Fund as to which Savings, Rollovers, Company Contributions and ESOP balances are made, contributed, or
otherwise properly allocated.
(A) Savings and Rollovers. Member and Deferred Member Savings and Rollovers shall be invested in multiples of 1%
in one or more of the Investment Funds, as properly elected by the Member or Deferred Member. Effective January 1,
2006, Members and Deferred Members may make separate investment elections with respect to (i) Savings and
(ii) Rollovers. Effective January 25, 2008, Members and Deferred Members may make separate investment elections
with respect to Roth 401(k) Contributions.
(B) Company Contributions and ESOP Account Balances. Member and Deferred Member Company Matching
Contributions, Floor Contributions and ESOP Account Balances shall be invested in multiples of 1% in one or more of
the Investment Funds, as properly elected by the Member or Deferred Member. Floor Contributions made with respect
to periods after August 31, 2006 and Planco Profit Sharing Contributions attributable to the 2008 Plan Year, if any,
shall be invested in the applicable Default Vanguard Target Retirement Fund set forth in Section 8.3(H) in the event
that a proper Investment Fund election is not made with respect to such Floor Contributions or such Planco Profit
Sharing Contributions.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009