For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products August 8, 2012
New York Life Enhances Plan Sponsors’ Web Portal
August 8, 2012 (PLANSPONSOR.com) - New York Life Retirement Plan Services has enhanced its Client Access website, with upgrades to plan participation and contribution dashboards for each plan sponsor.
Reported by Rebecca Moore
One new dashboard, called “Enroll and Roll-in,” drills into plan participation for each client. It displays participation rates and average account balances in a plan, with comparisons to industry peers and also against all plans on New York Life Retirement Plan Services’ platform.
New York Life has also added an employee contributions dashboard providing details of contribution activity across a plan, including average contribution rates by age, catch-up participation, and changes in participant deferral rates. This tool also benchmarks each plan versus others in its industry and across New York Life Retirement Plan Services’ client base.
The enhancements became effective July 13 across the firm’s platform serving defined contribution, defined benefit, and total retirement outsourcing (TRO) clients.You Might Also Like:
Opinions |
Why PBGC’s Flat-Rate Premiums Need to Drop
Lowering premiums might spur some organizations to consider offering a defined benefit plan, which could be an additional form of...
None of the Largest US Corporate Pension Funds are Less Than 75% Funded, Per Milliman
The firm’s 2024 research found at least three pension funds with more than 140% funding levels.
Julie Su’s Nomination for Secretary of Labor Passes Senate Committee
The vote was held in a closed session and advanced by a party-line vote; meanwhile, the Senate committee chaired by...