Features of the product include:
- a one-page snapshot of the participants NYLB retirement accounts;
- a gap analysis, which helps the participant define his current retirement scenario, eventual goals and the amount still needed to satisfy those goals;
- a fund analysis, which evaluates the funds in the plan and generates a choice of portfolios;
- an allocation tool, which suggests an asset allocation based on the participant?s retirement needs, time horizon, risk tolerance and available funds.
The new product rollout will occur on a plan-by-plan basis to existing customers. It will be available on NYLB?s participant Web site.
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