NORWOOD, Mass. - NYLIM Retirement Plan Services introduced today its new "CFO Toolkit," a first-of-its kind Internet window for pension plan sponsors that provides one-point access to all of their plan’s financial information, helping them better manage pension costs.

Currently, most plan sponsors receive paper-based updates on their plan’s financial performance from multiple parties, including their actuary and consultant. This new proprietary product allows a CFO or other treasury professional to receive and manage all of their pension’s financial information in a consolidated, online format.

Among the features of the new Toolkit are: monthly updates on fund information as well as the plan’s current and standard investment returns; investment return summaries and a log of all the plan’s past trust statements; quarterly electronic files of the plan’s investment performance report, an update of the plan’s portfolio composition versus its benchmarks, and an analysis of investment performance, style and risk; annual actuarial valuation and financial disclosure information; and reports that outline the plan’s funding requirements, funding status and pension expense figures.

"Recent events have shown us that managing pension risk is one of the most important aspects of a CFO’s job," said Wendy Foster, director of product development, defined benefit plans, for NYLIM Retirement Plan Services. "This new toolkit allows them to do that job faster, more accurately, and sooner than they ever have before."

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NYLIM, a leading consultant and provider of turnkey pension and 401(k) plans, offers the CFO Toolkit to clients using DB Complete Ò , its bundled pension product. It allows clients to access all services related to their pension plan, including investment management, actuarial and administrative needs, ERISA consulting, employee communications, and trust work.

About NYLIM Retirement Plan Services

NYLIM Retirement Plan Services, a division of New York Life Investment Management LLC (NYLIM), manages more than $8 billion in comprehensive defined contribution, defined benefit and deferred compensation plans as of June 30, 2002. With offices in Norwood, Massachusetts, and Parsippany, New Jersey, NYLIM Retirement Plan Services administers retirement programs for small, medium and large companies, unions, and individuals throughout the United States.

With more than $150 billion in assets under management as of June 30, 2002, NYLIM and its affiliates provide investment management and related services to a wide range of individual, corporate, public, and Taft-Hartley clients. NYLIM offers access to institutional asset management, retail investments, retirement plan services, guaranteed products, real estate investments, and alternative investments.

NYLIFE Distributors Inc., 169 Lackawanna Avenue, Parsippany, NJ 07054.

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Contact: Sarah Lazarus

SSL Media Relations

978-369-4478