I am in a public 457 deferred account and no one can tell me exactly what the account is invested in. I would normally not be too concerned but the company is Hartford Financial Services and right now is going through a very volatile period.
The account I am invested in is called in one place a General (declared rate) account and on another page it is referred to as 100% stable value/money market.
My question is if Hartford should fail as AIG did, would I lose my entire investment in this account? I have tried for over a week to get an answer from Hartford and all they do is refer me to the same paragraph that says what I wrote above.
Thank you - any input from someone with knowledge of 457 accounts would be appreciated.
