NYLB Teams With Morningstar for Advice

February 5, 2002 (PLANSPONSOR.com) - New York Life Benefit Services (NYLB) will offer its client plan sponsors and their participants online education and advice via Morningstar ClearFuture.

According to Morningstar Associates’ announcement of the deal, NYLB will make the Morningstar ClearFuture education and research modules available to all 300 of its client sponsors and their 300,000 participants. Plan sponsors can also¬†choose to add the advice modules.

Morningstar ClearFuture provides investment suggestions for deferred compensation plans, such as 401(K)s, to employees, after gathering detailed financial information from participants via a questionnaire.