Pasadena (Calif.) Deferred Compensation Plan & Trust hired Hartford...

Pasadena (Calif.) Deferred Compensation Plan & Trust hired Hartford Life as semibundled investment provider and record keeper for its $90 million 457 plan; it also will share administration duties with the plan, said Jay M. Goldstone, director of finance and plan administrator. The plan replaced ING AETNA, Merrill Lynch and John Hancock, all of which shared administration and record-keeping responsibilities with the plan, in order to be more efficient, reduce fees and eliminate fund overlap, he said. Hartford Life will provide 23 investment options, down from the 88 mutual funds offered by the previous administrators, he said. SST Benefits advised.