Some N.Y. Life Retirement Plan Products Added To Ameritrade’s Platform
PR Newswire Association LLC |
As of
"As retirement markets have moved increasingly to open architecture, we are pleased that a growing list of prominent retirement providers continues to seek out stable value solutions as they work to safeguard the retirement savings of their participants. Our sales, product and marketing teams have done a great job educating and paving the path for this success," said
Stable Value options remain a popular investment choice for participants because of the protections provided by the stability of principal, liquidity and competitive returns. They are less volatile than bond funds and generally offer a higher return than money market funds. Stable value accounts for 17% of 401(k) assets at New York Life, with nearly 40% of its participants invested in stable value.
"We continue to be very pleased at the receptivity to adding New York Life products from our partners. Our approach has been to go both broad and deep with our partnerships in a quest to educate them about stable value and our considerable capabilities," said Mansfield.
New York Life Insurance Company offers a full range of stable value solutions and is a leader in the industry with more than 30 years of experience and
About New York Life Retirement Plan Services
New York Life Retirement Plan Services offers bundled retirement plan solutions and defined contribution investment only products throughout
About New York Life Investments
New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, is a leading investment management firm, with
About New York Life Insurance Company
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in
1. Source: New York Life Investments ranked 29th among the world's largest money managers within Pensions & Investments,
2. Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),"
3. Individual independent rating agency commentary as of 2/3/14.
SOURCE New York Life Retirement Plan Services
Wordcount: | 856 |
Police arrest man on theft charge
Alsco Inc. Chooses ACL GRC to Automate Audit Project Workflow And Streamline Operations
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News