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Products February 12, 2001
New York Life's Online Plan Summary Puts It Together
December 14, 2000 (PLANSPONSOR.com) - New York Life
Benefit Services has introduced its Combined Plan Summary, an
online statement that allows participants to access
information about their defined contribution, defined benefit
and IRA rollover portfolios over the Internet.
Reported by Nevin E. Adams
The summary offers a picture of vested account balance, asset allocation percentages, monthly plan benefit (if applicable), and a net asset value (NAV) summary that allows present mutual fund NAVs for a specified date range.
Participants can also request a PIN change online, as well as request a copy of the Summary Plan Description.
The online version is an extension of a paper-based version of the statement introduced in October. The service is also available through NYLB’s subscription e-mail service.
For more information about this new service, contact New York Life at info@nylbsi.com .