Improvements in place for West Virginia 529 plans

The Hartford Financial Services Group, Inc. and the State of West Virginia have reached an agreement that rolls out lower fees and expenses, a streamlined product line-up, and service enhancements to the SMART529 college savings program.

Changes include the following:

- The name of the WV Director SMART529 plan hsa been changed to The Hartford SMART529 and this becomes the only national advisor-sold plan. The Leaders SMART529 and Cornerstone SMART529 are now closed to new investors and it is anticipated these plans will be merged into The Hartford SMART529 in the future.

- New lower account minimums for all SMART529 plans.

- Fee reductions averaging 13% in The Hartford SMART529, 20% in SMART529 WV Direct, and 11% in SMART529 Select.
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