Podcast Center
Video Center
Webcasts
Resource Center
Events
December 10, 2012 at 09:48 AM
New York Life Retirement Plan Services, a division of New York Life, has gained a significant amount of new assets under administration over the last year.
New York Life credits the jump to the implementation of a new business model that has expanded its executive benefits offerings as well as the appointment of new client-facing executives.
Since September of 2011, New York Life has executed sales conversions and commitments of more than $5 billion, bringing total assets under administration to $43 billion and the number of participants served to 1.2 million from 1.1 million.
New York Life landed $1.2 billion in bundled retirement plan services for the IT company Fujitsu Management Services of America, among other new contracts won.
