WESTWOOD, Mass., June 28, 2006 – The Retirement Plan Services division of New York Life Investment Management LLC (NYLIM), announced today it has been appointed to administer The Retirement and Savings Plan for the employees of LDI, Ltd. LLC, FinishMaster Inc. and Tucker Rocky Distributing. LDI, Ltd., based in Indianapolis, Indiana, is a holding company that owns Tucker Rocky and is the majority shareholder of FinishMaster.
The Retirement and Savings Plan for the three firms has $67.5 million in total assets as of May 31, 2006, and provides retirement benefits for 2,000 participants.
“We entrusted our 401(k) plans and non-qualified plan to the firm that would best partner with us in providing an outstanding retirement/401(k) plan for the employees in our three separate business units,” said Bob Pruim, vice president of human resources at FinishMaster. “We are very pleased to be working with NYLIM Retirement Plan Services and SageView toward that end.”
SageView Advisory Group, headquartered in Irvine, California, assisted the plan sponsor in evaluating and selecting NYLIM Retirement Plan Services. SageView is a leading provider of retirement plan consulting, research and advice. “NYLIM Retirement Plan Services’ single integrated platform for all of LDI’s Plans and strong ERISA compliance services, combined with SageView’s consulting expertise were key selling points for LDI,” said Jon Upham, Managing Director of Advisory Services at SageView.
About LDI, Ltd.
LDI, Ltd., LLC is a privately owned management holding company that specializes in wholesale distribution. The company owns Tucker Rocky Distributing, one of the nation’s leading wholesale distributors of motorcycle and ATV aftermarket parts, apparel and accessories. LDI also owns a majority interest in FinishMaster, Inc., a public company that distributes automotive paint, coatings and related materials to the automotive refinishing market. FinishMaster is the market leader in this industry. The company is headquartered in Indianapolis, Indiana, employs over 2,000 people, and serves customers throughout the United States.
About SageView Advisory Group
Headquartered in Irvine, California, SageView Advisory Group is an independent advisory firm serving retirement plan sponsors and personal wealth management clients nationwide. Operating in a fully transparent environment, SageView delivers top-tier customized solutions, personalized client services, proprietary investment processes, and objective research and advice. SageView's team of professionals currently advises on more than $1 billion in assets. For more information, call (800) 814-8742 or visit www.sageviewadvisory.com. SageView Advisory Group remains at 2010 Main Street, Suite 1220 Irvine, CA 92614.
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 May 31, 2006. With offices in Westwood, 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 $207 billion in assets under management as of May 31, 2006, New York Life Investment Management LLC 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.
Contact: Sarah Lazarus
CL- Media Relations
T: 978-369-4478
sarah@cl-media.com
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