According to the announcement participants can now create a personalized “dashboard” for easy access to key information about their retirement plans. Some of the items participants can place on their dashboard include:
- Current investments, categories and market value updated as of the most recent market close.
- Asset allocation pie charts
- Account balances by contribution type
In addition, the company has added a mailbox that will allow plan sponsors to contact a targeted group of participants based on demographics or past participant activity.
Plan sponsors who choose to do so can also customize the site with logos, colors, and fonts that match their company’s Internet or intranet site, the announcement said.
NYLIM Retirement Plan Services provides services to more than 2,100 defined contribution, defined benefit and deferred compensation plans. More information can be found at www.nylim.com .