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.