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NYLIAC Courts SIMPLE IRA Sponsors

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A unit of New York Life Insurance Company is trying to expand the market for its LifeStages variable and fixed annuities.

New York Life Insurance and Annuity Corp. now is offering those annuities to sponsors of Savings Incentive Match Plan Individual Retirement Account plans, according to New York Life, New York.

Employers with 100 or fewer employees can use SIMPLE IRAs to offer employees retirement benefits.