In an effort to capitalize on the increasing number of retirement programs for nonprofit organizations, Hartford Financial Services Group Inc. plans to increase sales of its 403(b) retirement plans.

The Simsbury, Conn., company announced Wednesday it will work with a national network of nearly 200 third-party administrators - many of which currently sell Hartford’s [HIG] 401(k) plans - that sell 403(b) plans to nonprofit healthcare, charitable, educational and religious organizations.

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