WESTWOOD, Mass., Dec. 7, 2010 /PRNewswire/ -- New York Life Retirement Plan Services, a leading provider of bundled defined contribution and pension plans, today announced the launch of a newly redesigned participant website.
The website, part of New York Life's newly introduced MyLifeNow program, features an intuitive user interface that is designed to function similar to an app, rather than a traditional static web page. The site is centered on a hub, or home page, from which participants can easily view frequently requested information "at a glance." Participants can also access detailed account information using dynamic navigation with animated page transitions.
The site encourages participants to manage all aspects of their retirement planning electronically, providing traditional functionality such as enrollment, deferral rate changes and loan modeling along with enhanced features such as retirement income projections, customized personal rates of return, and managed account services via Morningstar Associates, LLC.
"We are very excited about the launch of our new participant site," said Deanna Garen, managing director of strategic marketing for New York Life Retirement Plan Services. "Our challenge was to create an interesting and dynamic site that appealed to all generations, and reinforced our participant experience. The site represents the depth of our strategic thinking around the participant experience along with the simplicity we know is required to keep participants engaged today."
The enhanced site is part of MyLifeNow, New York Life's single-message approach for participants that helps take the guesswork out of retirement planning by providing simple, personal suggestions across web, electronic and print materials. MyLifeNow utilizes straightforward, commonsense language with an optimistic and encouraging tone to break down retirement planning into clear, actionable steps.
About New York Life Retirement Plan Services
New York Life Retirement Plan Services offers bundled retirement plan solutions and defined contribution investment only products throughout the United States. New York Life Retirement Plan Services, a division of New York Life Investments, administers $38 billion in bundled retirement plans and manages over $3.5 billion in defined contribution investment only assets as of September 30, 2010. With offices in Westwood, Massachusetts, Parsippany, New Jersey, and San Francisco, New York Life Retirement Plan Services is widely recognized for its leadership within the retirement plan industry.
About New York Life Investments
New York Life Investments ranks among the largest asset management firms in the United States(1). Through its multiple boutique management structure, New York Life Investments offers access to leading institutional managers that drive performance. Through MainStay Investments and NYLIFE Distributors LLC, New York Life Investments provides access to some of the most highly regarded mutual funds and wrap accounts in the industry. Together with its affiliates and over 1,400 employees, New York Life Investments manages over $275 billion in assets as of September 30, 2010. New York Life Investments is a leading provider of retirement plans for corporations, multi-employer trusts, and individuals, and is recognized as one of the nation's top providers of guaranteed products to both the qualified and non-qualified markets.
"New York Life Investments" is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.
(1) Source: Pensions & Investments, May 31, 2010.
SOURCE New York Life Retirement Plan Services