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FORM 11-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the year ended December 31, 2004
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ____________ to ______________
Commission file number 001-13958
A. Full title of Plan and the address of the Plan, if different from that of the
issuer named below:
THE HARTFORD INVESTMENT AND SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the Plan and the address of
its principal executive office:
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
HARTFORD PLAZA, HARTFORD, CONNECTICUT 06115-1900
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THE HARTFORD INVESTMENT AND SAVINGS PLAN
TABLE OF CONTENTS
DECEMBER 31, 2004 AND 2003
Page No(s).
-----------
Report of Independent Registered Public Accounting Firm F-1
Statements of Net Assets Available for Benefits as of December 31, 2004 and 2003 F-2
Statement of Changes in Net Assets Available for Benefits for the Year Ended
December 31, 2004 F-3
Notes to Financial Statements F-4 - F-8
Supplemental Schedule:
Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of F-9 - F-11
Year) as of December 31, 2004
Signature F-12
EXHIBITS
Exhibit 23.1 - Consent of Independent Registered Public Accounting Firm F-13
All other schedules required by 29 CFR 2520.103-10 of the Department of
Labor's Rules and Regulations for Reporting and Disclosure under the
Employee Retirement Income Security Act of 1974 have been omitted because
they are not applicable.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Plan Administrator and Members of
The Hartford Investment and Savings Plan
Hartford, Connecticut
We have audited the accompanying statements of net assets available for benefits
of The Hartford Investment and Savings Plan (the "Plan") as of December 31, 2004
and 2003, and the related statement of changes in net assets available for
benefits for the year ended December 31, 2004. These financial statements are
the responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Plan is not required to have,
nor were we engaged to perform, an audit of its internal control over financial
reporting. Our audits included consideration of internal control over financial
reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Plan's internal control over financial reporting.
Accordingly, we express no such opinion. An audit also includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, such financial statements present fairly, in all material
respects, the net assets available for benefits of the Plan as of December 31,
2004 and 2003, and the changes in net assets available for benefits for the year
ended December 31, 2004 in conformity with accounting principles generally
accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of assets (held
at end of year) as of December 31, 2004 is presented for the purpose of
additional analysis and is not a required part of the basic financial
statements, but is supplementary information required by the Department of
Labor's Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. This schedule is the responsibility of
the Plan's management. Such schedule has been subjected to the auditing
procedures applied in our audit of the basic 2004 financial statements and, in
our opinion, is fairly stated in all material respects when considered in
relation to the basic financial statements taken as a whole.
DELOITTE & TOUCHE LLP
Hartford, Connecticut
May 27, 2005
EIN# 06-0383750
PLAN# 100
THE HARTFORD INVESTMENT AND SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 2004 AND 2003
($ IN THOUSANDS)
2004 2003
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ASSETS
Investments, at fair value:
The Hartford Financial Services
Group, Inc. common stock
(10,848,460 and 12,407,353 shares at
December 31, 2004 and 2003,
respectively) $ 751,907 $ 732,406
Index fund 237,593 215,466
Mutual funds 647,268 481,815
Pooled temporary investments 22,209 25,706
Group annuity contracts, at contract value 562,197 485,877
Loans receivable from members 37,095 34,545
------------ -----------
Total investments 2,258,269 1,975,815
Dividends and interest receivable 5,538 5,609
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TOTAL ASSETS 2,263,807 1,981,424
LIABILITIES
Other liabilities 462 456
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TOTAL LIABILITIES 462 456
--------------------------------------------------------------------------------
NET ASSETS AVAILABLE FOR BENEFITS $ 2,263,345 $ 1,980,968
================================================================================
See Notes to Financial Statements.
F-2
EIN# 06-0383750
PLAN# 100
THE HARTFORD INVESTMENT AND SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2004
($ IN THOUSANDS)
2004
------------------------------------------------------------------------------
ADDITIONS TO NET ASSETS ATTRIBUTED TO:
Investment income:
Net appreciation in fair value of investments $ 200,298
Dividends and interest 46,000
------------------------------------------------------------------------------
Total investment gains 246,298
Interest on member loans 2,079
Employee contributions 103,745
Employer contributions, net of forfeitures 49,311
Rollover contributions 17,309
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TOTAL ADDITIONS 418,742
DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:
Benefits paid to members 127,427
Administrative expenses 3,400
Other, net 5,538
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TOTAL DEDUCTIONS 136,365
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NET INCREASE 282,377
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NET ASSETS AVAILABLE FOR BENEFITS:
Beginning of year 1,980,968
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End of year $ 2,263,345
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See Notes to Financial Statements.
F-3
THE HARTFORD INVESTMENT AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2004 AND 2003
($ IN THOUSANDS)
NOTE 1. DESCRIPTION OF THE PLAN
The following description of The Hartford Investment and Savings Plan (the
"Plan") is provided for general information purposes only. Members should refer
to the Plan Document for more complete information.
The Hartford Financial Services Group, Inc., a Delaware corporation, and its
consolidated subsidiaries (collectively, "The Hartford" or the "Company")
provide investment products, life insurance, group benefits, automobile and
homeowners products, and business and property-casualty insurance to both
individual and commercial customers in the United States and internationally.
The Plan Sponsor, Hartford Fire Insurance Company, is a wholly owned subsidiary
of The Hartford.
Information with regard to eligibility, contributions, distributions, vesting,
trustees, withdrawals, loans, fund redistribution and definitions of all
capitalized terms are contained in the Plan's information document, which has
been distributed to the members.
Plan Changes
There have been several amendments to the Plan Document during the years ended
December 31, 2004 and 2003. See Note 9 for a general description of the changes.
General
The Plan is a defined contribution plan covering substantially all full-time and
part-time employees of the Company who have attained age 19. The Plan is subject
to the provisions of the Employee Retirement Income Security Act of 1974
("ERISA").
The Trust, as defined in the Plan Document, is the aggregate funds held by the
Trustee, State Street Bank and Trust Company, under the trust agreement
established for the purposes of this Plan.
Contributions
Plan members may generally elect to save 2% to 30% of base salary. Members may
designate their savings as before-tax, after-tax or a combination of both.
Members who are highly compensated employees may have contribution limits of
less than 30% due to the operation of certain tests required under the Internal
Revenue Code of 1986, as amended (the "Code").
Basic Before-Tax Savings are contributions which are not in excess of the first
6% of a member's base salary. For members who have completed at least six months
of service, an amount equal to 50% of a member's Basic Before-Tax Savings is
matched by the Company ("Matching Company contribution"). Members' savings in
excess of 6% of base salary are supplemental savings that are not matched by the
Company. In addition, effective January 1, 2004, for employees who have
completed at least six months of service, the Company allocates 0.5% of highly
compensated eligible employees' base salary and 1.5% of all other eligible
employees' base salary ("Floor Company contribution") to each of their Floor
Company contribution accounts. Pursuant to the terms of the Plan, highly
compensated employees are employees whose prior year earnings are equal to or
exceed $90 per annum. An employee becomes eligible for Floor Company
contributions after reaching the age of 19 and completing six months of service,
regardless of whether the employee elects to participate in the Plan. For the
year ended December 31, 2003, the Company allocated 0.5% of base salary to Floor
Company contributions for all eligible employees.
Administrative Costs
The Trust pays certain administrative expenses of the Plan up to 0.25% of the
market value of Trust assets. Expenses not paid by the Trust are borne by the
Company.
Member Accounts
Each member's account is credited with that member's contributions and
allocations of (a) the Company's contribution and (b) Plan earnings, and is
charged with an allocation of administrative expenses. Allocations are based on
member earnings or account balances, as defined in the Plan Document. The
benefit to which a member is entitled is the benefit that can be provided from
that member's vested account balance.
F-4
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
($ IN THOUSANDS)
Vesting
Members are 100% vested at all times with respect to employee and Floor Company
contributions and earnings thereon. Vesting in Matching Company contributions
begins after one year of employment at which time members are 20% vested. The
vesting increases 20% each consecutive year after that until the fifth
consecutive year of employment at which time the members are 100% vested.
Notwithstanding the foregoing statement, a member becomes fully vested in such
member's Matching Company contribution account upon retirement (for certain
members), disability, death, or reaching age 65, or upon the complete
discontinuance of Matching Company contributions or termination of the Plan.
Investment Options
Contributions of member savings and Company contributions are invested in any of
the 16 investment options of the Plan in multiples of 1%, as elected by the
member ("member directed investments").
Certain investment options are parties-in-interest with The Hartford. See Notes
3 and 8 for further discussion.
Member Loans
Members may borrow from their accounts a minimum of $0.5 ($1 prior to January 1,
2004) to a maximum equal to the lesser of $50 or 50% of their vested account
balances. Loan transactions are treated as transfers between the investment
funds and the loan fund. Loan terms range from one to five years, or up to 15
years for the purchase of a primary residence. The loan is secured by the
balance in the member's account and bears interest at the prime rate in the
3-month period the loan originates (as published in the Wall Street Journal)
plus 1% and is fixed for the term of the loan. Principal and interest is paid
ratably through payroll deductions.
Payment of Benefits
On termination of service due to death, disability, retirement, or other
reasons, members or their designated beneficiaries may elect to receive either a
lump sum amount equal to the value of the vested interest in their respective
accounts; annual installments over a period not greater than thirty years
(subject to certain conditions); annual installments over the recipient's life
expectancy; or stock distributions. Members or their designated beneficiaries
may also elect to defer distributions subject to certain conditions.
Forfeitures
At December 31, 2004 and 2003, forfeited non-vested accounts totaled $670 and
$1,046, respectively. These forfeitures are applied to reduce future employer
contributions. During the year ended December 31, 2004, employer contributions
were reduced by $1,104 from forfeitures.
NOTE 2. ACCOUNTING POLICIES
Basis of Accounting
The accompanying financial statements have been prepared in accordance with
accounting principles generally accepted in the United States of America and the
Department of Labor Rules and Regulations for Reporting and Disclosure under
ERISA.
Use of Estimates
The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management of the
Plan to make estimates and assumptions that affect the reported amounts of
assets and liabilities and changes therein, and disclosure of contingent assets
and liabilities at the date of the financial statements and the reported amounts
of additions and deductions during the reporting period. Actual results could
differ from those estimates.
F-5
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
($ IN THOUSANDS)
Investment Valuation and Income Recognition
The Plan utilizes various investment instruments, including mutual funds,
company stock and investment contracts. Investment securities, in general, are
exposed to various risks, such as interest rate, credit and overall market
volatility. Due to the level of risk associated with certain investment
securities, it is possible that changes in the values of investment securities
may occur in the near term.
The Plan's investments are stated at fair value except for its investment in
group annuity contracts, which is valued at contract value (see Note 4). The
fair value of the common stock of The Hartford Financial Services Group, Inc. is
based on quoted market prices. Mutual funds and pooled temporary investment
funds are valued at the net asset value of shares held by the Plan at year end.
Member loans are valued at their outstanding balances, which approximate fair
value. Purchases and sales of securities are recorded on a trade-date basis.
Interest income is recorded on the accrual basis. Dividends are recorded on the
ex-dividend date.
Payment of Benefits
Benefits paid to members are recorded when distributed (see Note 7).
Contributions
Employee and employer matching contributions are recorded in the period during
which the Company makes payroll deductions from members' compensation.
NOTE 3. INVESTMENTS
Investments of the Plan consist of common stock of the Company, various
investment funds (including index and mutual funds managed by the Company and
pooled temporary investment funds managed by the Trustee), group annuity
contracts issued by unaffiliated insurers that are held by an investment fund
sponsored by the Company, and loans receivable from members.
The following investments represented 5% or more of the fair value of the Plan's
net assets at the end of the Plan year:
DECEMBER 31,
2004 2003
--------------------------------------------------------------------------------------------------------------------
The Hartford Financial Services Group, Inc. common stock (10,848,460 and
12,407,353 shares at December 31, 2004 and 2003, respectively) $ 751,907 $ 732,406
Index Fund 237,593 215,466
Mutual funds: Capital Appreciation HLS Fund 150,037 100,069
Group Annuity Contracts:
JPMorgan Chase Bank #AITTH01 132,170 121,246
Transamerica Life Insurance & Annuity Company #TDA76592TR * 90,891
UBS AG Group Annuity Contract #3024 131,871 105,052
* Investment did not represent 5% or more of the fair value of the Plan's net
assets at December 31, 2004.
For the year ended December 31, 2004, the Plan's investments had net
appreciation, including gains and losses on investments bought and sold, as well
as held during the year, of:
--------------------------------------------------------------------------------
2004
--------------------------------------------------------------------------------
The Hartford Financial Services Group, Inc. common stock $ 119,909
Index Fund 23,279
Mutual funds 57,110
--------------------------------------------------------------------------------
Net appreciation in fair value of investments $ 200,298
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F-6
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
($ IN THOUSANDS)
NOTE 4. INVESTMENTS IN GROUP ANNUITY CONTRACTS
The Plan has entered into numerous traditional and synthetic group annuity
contracts primarily with unaffiliated insurance carriers. A synthetic group
annuity contract is an investment contract that simulates the performance of a
traditional group annuity contract through the use of financial instruments. The
key difference between a synthetic group annuity contract and a traditional
group annuity contract is that the Plan owns the assets underlying the synthetic
group annuity contract and traditional group annuity contracts have fixed
crediting interest rates. These contracts are fully benefit-responsive and are
included in the financial statements at contract value. Fully benefit-responsive
contracts provide for a stated return on principal invested over a specified
period and permit withdrawals at contract value for benefit payments, loans, or
transfers. Contract value represents contributions made under the contract, plus
earnings, less Plan withdrawals and administrative expenses. As of December 31,
2004 and 2003, the estimated contract value of the group annuity contracts,
approximating the fair market value, was $562,197 and $485,877, respectively.
There are no reserves against contract value for credit risk of contract issuer.
The average yield and weighted average crediting interest rate on these
contracts were 4.77% and 4.85%, respectively, for the year ended December 31,
2004. Crediting interest rates are generally reset quarterly for synthetic
contracts and are reset based on formulas which may use market value, book
value, duration and yield.
NOTE 5. FEDERAL INCOME TAX STATUS
The Internal Revenue Service has determined and informed the Company by letter
dated February 25, 1998, and again on March 23, 2004, that the Plan and related
Trust are designed in accordance with applicable sections of the Internal
Revenue Code (IRC). The Plan has been amended since receiving the determination
letter. However, the Company and the Plan Administrator believe that the Plan is
designed and is currently being operated in compliance with the applicable
requirements of the IRC.
NOTE 6. PLAN TERMINATION
Although the Company has not expressed any intent to do so, the Company has the
right under the Plan to suspend, reduce, or partially or completely discontinue
its contributions at any time and to terminate the Plan, the Trust agreement and
the Trust hereunder, subject to the provisions of ERISA. In the event of
termination or partial termination of the Plan or complete discontinuance of
contributions, the interests of affected members shall automatically become
fully-vested.
NOTE 7. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
Amounts allocated to withdrawing members are recorded on Form 5500 as benefit
claims that have been processed and approved for payment, but not paid, prior to
the end of the Plan year. However, these amounts are not recorded in the Plan's
financial statements until they have been paid. As of December 31, 2004 and
2003, the following is a reconciliation of net assets available for plan
benefits according to the accompanying financial statements to Form 5500:
2004 2003
-----------------------------------------------------------------------------------------------------------------------
Net assets available for benefits per accompanying financial statements $ 2,263,345 $ 1,980,968
Amounts allocated to withdrawing members (51) (54)
-----------------------------------------------------------------------------------------------------------------------
Net assets available for plan benefits per Form 5500 $ 2,263,294 $ 1,980,914
=======================================================================================================================
The following is a reconciliation of benefits paid to members according to the
accompanying financial statements to the amounts reflected in the Form 5500 for
the year ended December 31, 2004:
2004
-------------------------------------------------------------------------------------------------------------
Benefits paid to members per accompanying financial statements $ 127,427
Amounts allocated to withdrawing members at beginning of year (54)
Amounts allocated to withdrawing members at end of year 51
-------------------------------------------------------------------------------------------------------------
Benefits paid to members per Form 5500 $ 127,424
=============================================================================================================
F-7
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
($ IN THOUSANDS)
NOTE 8. PARTY-IN-INTEREST TRANSACTIONS
Certain Plan investments are in funds managed by State Street Bank and Trust
Company (the Trustee) and certain subsidiaries of The Hartford. Fees paid by the
Plan for Trustee, custodial and investment management services provided by the
Trustee amounted to $883 for the year ended December 31, 2004. Fees paid by the
Plan to certain subsidiaries of the Company for the issuance of group annuity
contracts amounted to $51 for the year ended December 31, 2004. In addition,
certain Plan investments are shares of mutual funds that are sponsored by The
Hartford and shares of The Hartford's common stock. At December 31, 2004 and
2003, the Plan held 10,848,460 shares and 12,407,353 shares of common stock of
The Hartford with a cost basis of $421,708 and $475,888, respectively. During
the year ended December 31, 2004, the Plan recorded dividend income from The
Hartford's common stock and mutual funds of $20,733.
NOTE 9. PLAN AMENDMENTS
Effective January 1, 2004, the following changes were made to the Plan:
- The Floor Company contribution increased from 0.5% to 1.5% for non-highly
compensated Plan members. Floor Company contributions made after January
1, 2004 are not available for in-service withdrawals prior to age 59 1/2.
- The default investment option for Floor Company contributions made after
January 1, 2004 is The Hartford Money Market HLS Fund for Plan members who
have not made an investment election.
- The minimum loan amount decreased from $1.0 to $0.5.
- Certain employees of Planco Financial Services, Inc., a wholly owned
subsidiary of The Hartford, became eligible to participate in the Plan.
These Plan members are not eligible to receive Matching Company
contributions or Floor Company contributions.
Effective January 1, 2003, the following changes were made to the Plan:
- The annual before-tax savings limit in the Plan increased from $11 to $12
for 2003 and the amount of before-tax money that may be contributed was
increased by $1 each year until the limit reaches $15 in 2006. This limit
will increase for inflation in $0.5 increments after 2006. The total
annual contribution limit for combined before- and after- tax savings
remained at $40.
- Deutsche Bank Trust Company was replaced by State Street Bank and Trust
Company as Trustee of the Plan Trust.
- The Plan year changed from a fiscal year ending December 30 to a calendar
year ending December 31.
- The dollar threshold for determining highly compensated employees
increased from $85 to $90. This determination is based on a member's prior
year earnings.
- If a member dies after requesting benefit payments in the form of periodic
installments but before all installment payments are paid, the beneficiary
(either spouse or non-spouse) has the option to receive the remaining
benefit in a lump sum or installments.
- Terminated members have the option to continue to make loan repayments.
On July 10, 2003, member balances in the amount of $223 from the 401(k) Plan
of Access Coveragecorp Inc. (a wholly owned subsidiary of The Hartford) were
merged into the Plan.
F-8
EIN# 06-0383750
PLAN# 100
THE HARTFORD INVESTMENT AND SAVINGS PLAN SUPPLEMENTAL SCHEDULE
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS
(HELD AT END OF YEAR)
DECEMBER 31, 2004
($ IN THOUSANDS)
(c) DESCRIPTION OF INVESTMENT INCLUDING MATURITY DATE, (e) CURRENT
(a) (b) IDENTITY OF PARTY RATE OF INTEREST, COLLATERAL, PAR OR MATURITY VALUE (d) COST VALUE
------------------------------------------------------------------------------------------------------------------------------------
The Hartford Financial Services Group, Inc. Stock Fund
* The Hartford The Hartford Financial Services Group, Inc. common stock
(10,848,460 shares) $ *** $ 751,907
* State Street Bank and Trust State Street Cash Fund - STIF *** 4,907
---------------
SUBTOTAL STOCK FUND 756,814
---------------
Index Fund
* The Hartford Index Fund, Fund #NCD5 *** 237,593
---------------
SUBTOTAL INDEX FUND 237,593
---------------
Stable Value Fund
* The Hartford Stable Value Fund, Fund #NCD6, including
the following group annuity contracts:
Caisse des Depots et
Consignations Group Annuity Contract #WR1879 01, 3.59%, 5/31/2014 *** 52,923
Canada Life Assurance
Company Group Annuity Contract #P46092, 5.77%, 4/10/2006 *** 8,218
General Electric Capital
Assurance Company Group Annuity Contract #GS3614, 5.78%, 6/01/2006 *** 6,048
Monumental Life Insurance
Company Group Annuity Contract #MDA00380TR, 4.01%, 5/31/2014 *** 50,984
JPMorgan Chase Bank Group Annuity Contract #AITTH01, 5.09% ** *** 132,170
Security Benefit Life
Insurance Company Group Annuity Contract #G-0105, 6.46%, 1/25/2006 *** 8,267
Monumental Life Insurance
Company Group Annuity Contract #ADA00212TR, 5.18% ** *** 77,014
Transamerica Life Insurance
& Annuity Company Group Annuity Contract #TDA76592TR, 4.57%, 5/31/2014 *** 94,702
UBS AG Group Annuity Contract #3024, 4.90% ** *** 131,871
---------------
SUBTOTAL GROUP ANNUITY CONTRACTS 562,197
---------------
----------------------------------------------------------------------------------------------------------------------------------
* Indicates party-in-interest.
** These synthetic portfolios have no final maturity. Final maturity is based
on the underlying assets in the bond portfolios.
*** Cost information is not required for member directed investments, and
therefore is not included.
F-9
EIN# 06-0383750
PLAN# 100
THE HARTFORD INVESTMENT AND SAVINGS PLAN SUPPLEMENTAL SCHEDULE
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS
(HELD AT END OF YEAR)
DECEMBER 31, 2004 (CONTINUED)
($ IN THOUSANDS)
(c) DESCRIPTION OF INVESTMENT INCLUDING MATURITY DATE, (e) CURRENT
(a) (b) IDENTITY OF PARTY RATE OF INTEREST, COLLATERAL, PAR OR MATURITY VALUE (d) COST VALUE
------------------------------------------------------------------------------------------------------------------------------------
* State Street Bank and Trust Hartford STIF $ *** $ 15,657
-------------
SUBTOTAL STABLE VALUE FUND 577,854
-------------
MUTUAL FUNDS:
Stock HLS Fund
* The Hartford Hartford Series Fund Inc. Stock HLS Fund, Class IA shares,
Fund #NCD2 *** 8,918
Advisers HLS Fund
* The Hartford Hartford Series Fund, Inc. Advisers HLS Fund, Class IA shares,
Fund #NCC5 *** 59,290
Bond HLS Fund
* The Hartford Hartford Series Fund, Inc. Bond HLS Fund, Class IA shares,
Fund #NCC3 *** 50,643
Money Market HLS Fund
* The Hartford Hartford Series Fund, Inc. Money Market HLS Fund, Class IA
shares, Fund #NCD1 *** 38,424
Dividend and Growth HLS Fund
* The Hartford Hartford Series Fund, Inc. Dividend and Growth HLS Fund,
Class IA shares, Fund #NCD4 *** 60,352
International Opportunities HLS Fund
* The Hartford Hartford Series Fund, Inc. International Opportunities HLS
Fund, Class IA shares, Fund #NCC6 *** 33,708
Capital Appreciation HLS Fund
* The Hartford Hartford Series Fund, Inc. Capital Appreciation HLS Fund,
Class IA shares, Fund #NCD3 *** 150,037
Small Company HLS Fund
* The Hartford Hartford Series Fund, Inc. Small Company HLS Fund, Class IA
shares, Fund #NCC1 *** 63,025
MidCap HLS Fund
* The Hartford Hartford Series Fund, Inc. MidCap HLS Fund, Class IA shares,
Fund #NCC2 *** 109,256
------------------------------------------------------------------------------------------------------------------------------------
* Indicates party-in-interest.
** These synthetic portfolios have no final maturity. Final maturity is based
on the underlying assets in the bond portfolios.
*** Cost information is not required for member directed investments, and
therefore is not included.
F-10
EIN# 06-0383750
PLAN# 100
THE HARTFORD INVESTMENT AND SAVINGS PLAN SUPPLEMENTAL SCHEDULE
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS
(HELD AT END OF YEAR)
DECEMBER 31, 2004 (CONTINUED)
($ IN THOUSANDS)
(c) DESCRIPTION OF INVESTMENT INCLUDING MATURITY DATE, (e) CURRENT
(a) (b) IDENTITY OF PARTY RATE OF INTEREST, COLLATERAL, PAR OR MATURITY VALUE (d) COST VALUE
------------------------------------------------------------------------------------------------------------------------------------
High Yield HLS Fund
* The Hartford Hartford Series Fund, Inc. High Yield HLS Fund, Class IA
shares, Fund #NCC4 $ *** $ 16,080
Global Leaders HLS Fund
* The Hartford Hartford Series Fund, Inc. Global Leaders HLS Fund, Class
IA shares, Fund #NCC7 *** 28,971
Global Health HLS Fund
* The Hartford Hartford Series Fund, Inc. Global Health HLS Fund, Class IA
shares, Fund #NCC9 *** 15,176
Global Technology HLS Fund
* The Hartford Hartford Series Fund, Inc. Global Technology HLS Fund,
Class IA shares, Fund #NCC8 *** 13,388
----------------
SUBTOTAL MUTUAL FUNDS 647,268
----------------
Cash Fund - STIF
* State Street Bank and Trust State Street STIF *** 625
----------------
SUBTOTAL CASH FUND 625
----------------
Clearing Account
* State Street Bank and Trust Clearing Account, Fund #NCD8 *** 1,020
----------------
SUBTOTAL CLEARING ACCOUNT 1,020
----------------
Loan Fund
* Plan Members Loans Receivable from Members, maturing in 2005 through
2019 bearing interest at rates from 5.00% - 11.50% N/A 37,095
----------------
SUBTOTAL LOAN FUND 37,095
----------------
================
TOTAL $ 2,258,269
================
--------------------------------------------------------------------------------
* Indicates party-in-interest.
** These synthetic portfolios have no final maturity. Final maturity is based
on the underlying assets in the bond portfolios.
*** Cost information is not required for member directed investments, and
therefore is not included.
F-11
SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934,
THE TRUSTEES (OR OTHER PERSONS WHO ADMINISTER THE EMPLOYEE BENEFIT
PLAN) HAVE DULY CAUSED THIS ANNUAL REPORT TO BE SIGNED ON BEHALF OF THE
EMPLOYEE BENEFIT PLAN BY THE UNDERSIGNED THEREUNTO DULY AUTHORIZED.
THE HARTFORD INVESTMENT AND SAVINGS PLAN
(NAME OF PLAN)
BY: /S/ LYNN FARRELL
--------------------
(LYNN FARRELL, PLAN ADMINISTRATOR)
JUNE 15, 2005
F-12