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TWG appoints New York Life Retirement Plan Services as 401-k administrator

New York Life Retirement Plan Services, a division of New York Life Investment Management, has been appointed by The Warranty Group to administer its 1100-participant defined contribution plan.

Blue Prairie Group’s Mark Olsen served as consultant to The Warranty Group (TWG), helping the firm with its provider search and suggesting the appropriate fund line-up.

TWG’s benefit manager Cathie Giebel, said: We wanted to partner with a provider that could better engage our employees in saving and planning for retirement. New York Life Retirement Plan Services was strong in its user-friendly sponsor and participant websites, employee communications, and investment flexibility.

Mr Olsen said: The New York Life team working with TWG was very seasoned and experienced and this was essential to the client.