Products April 4, 2001

NYLBS Expands DB Platform

April 4, 2001 (PLANSPONSOR.com) - New York Life Benefit Services expands its DB Complete Client Access to simplify program management for defined benefit plan sponsors.
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The enhancements include an online tool that consolidates monthly plan activity into a single report.  The reports also details changes to a participant’s retirement status, flagging:

  • those who can now participate in the plan,
  • those who will receive future benefits, and
  • those approaching retirement. 

This report displays a synopsis of plan activity for the prior month, including:

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  • termination distributions,
  • retirement applications, and
  • beneficiary payments. 

Additionally, monthly trust statements and quarterly investment reports will now post automatically to each Client Access site.

Norwood, Massachusetts-based NYLB is an affiliate of New York Life Investment Management LLC (NYLIM).


 

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