In Brief: N.Y. Life Merges Retirement Operations

NORWOOD, Mass. — New York Life Insurance Co.’s investment management subsidiary has merged its two retirement units.

New York Life Benefit Services, based in Norwood, Mass., served medium-size and large plans. NYLIM Retirement Plan Services of Parsippany, N.J., served small ones. On May 9 they merged under the latter’s name.

NYLIM Retirement Plan Services, a division of New York Life Investment Management LLC, will retain both offices.

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