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.
Reported by Nevin E. Adams
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:
- 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).