NORWOOD, Massachusetts, June 29, 2004 – NYLIM Retirement Plan Services, a division of New York Life Investment Management LLC (NYLIM), announced today that it has been appointed by Charrette LLC, the country’s largest provider of imaging products to the professional design marketplace, to manage its $10.5 million 401(k) plan.  Charrette, based in Woburn, Massachusetts, has 251 participants in its retirement plan.

The PFE Group, based in Natick, Massachusetts, assisted Charrette with its provider search. 

“NYLIM Retirement Plan Services impressed us with its consulting heritage, its flexible investment platform and its local presence,” said Larry Mansfield, Vice President of Human Resources, at Charrette.  “At the end of the day, we’re trying to help our participants save toward a better retirement, and NYLIM Retirement Plan Services is a great partner to accomplish that goal.”

“We are very pleased to have been entrusted with managing Charrette’s retirement plan.   We look forward to working together to help their participants meet their retirement goals,” said Tom Clough, managing director of NYLIM Retirement Plan Services. 

About Charrette LLC

Charrette LLC (www.charrette.com), headquartered in Woburn, Massachusetts, is the country's largest independent provider of imaging products to the professional design marketplace. Founded in 1964, the company has 17 offices throughout the U.S., including New Haven, New York City, Rochester, New York, Buffalo, Philadelphia, Washington, DC, Atlanta, Mobile, Alabama, Dayton, Detroit, Chicago, Houston, Los Angeles, San Diego, and San Francisco.

About NYLIM Retirement Plan Services

NYLIM Retirement Plan Services oversees more than 2,100 comprehensive defined contribution, defined benefit and deferred compensation plans as of April 30, 2004. With offices in Norwood, Massachusetts, and Parsippany, New Jersey, NYLIM Retirement Plan Services administers retirement programs for small, medium and large companies, multi-employer plans, and individuals throughout the United States, and is widely recognized for its leadership in bundled defined contribution and bundled defined benefit plans.

With more than $180 billion in assets under management as of April 30, 2004, New York Life Investment Management and its affiliates provide investment management and related services to a wide range of individual, corporate, public, and Taft-Hartley clients. NYLIM offers institutional asset management, retail investments, retirement plan services, guaranteed products, real estate investments, and alternative investments. For more information, visit NYLIM’s website at www.nylim.com .