WESTWOOD, Mass., June 10, 2008 – New York Life Retirement Plan Services, a division of New York Life Investment Management LLC, has been appointed by The Warranty Group to administer the firm’s 1100-participant defined contribution plan.  With products ranging from product guarantees to personal safeguards, The Warranty Group is the world’s largest provider of single-source extended service plans.

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

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

            “The New York Life team working with TWG was very seasoned and experienced and this was essential to the client,” said Olsen.  He and his colleague Sara Storch, client relationship manager at Blue Prairie Group, said New York Life’s ERISA and compliance expertise were key factors in The Warranty Group’s decision. 

About Blue Prairie Group

            Blue Prairie Group is a full-service retirement, investment and human resource consulting firm. Blue Prairie Group passionately advocates full fee transparency, and offers a broad, team-based service model for both institutions and individuals. For more information, please go to www.blueprairiegroup.com.

About The Warranty Group

            The Warranty Group is the world’s premier provider of extended service plans and related benefits, with operations in 33 countries and 2300 employees. By providing underwriting, claims administration, compliance and marketing expertise, The Warranty Group is a single-source solution for manufacturers, distributors and retailers of consumer goods including autos, homes, consumer electronics and appliances as well as financial institutions and the travel/leisure industry.

About New York Life Retirement Plan Services

            New York Life Retirement Plan Services oversees more than 2,100 comprehensive defined contribution, defined benefit and deferred compensation plans as of March 31, 2008 and provides benefits for more than 854,000 retirement plan participants.  With offices in Westwood, Massachusetts, and Parsippany, New Jersey, New York Life 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.

About New York Life Investment Management

            New York Life Investment Management LLC, ranks among the largest asset management firms in the United States. Through its multiple boutique investment structure, NYLIM delivers investment performance through an array of products designed for both institutional and retail
clients. Through MainStay Investments, NYLIM distributes some of the most highly regarded mutual funds and wrap accounts in the industry.

           NYLIM is a leading provider of retirement plans for corporations, multi- employer trusts, and individuals, and is recognized as one of the nation's top providers of guaranteed products to both the qualified and non-qualified markets. Together with its affiliates and over 1400 employees, NYLIM manages $246 billion in assets as of March 31, 2008.   

###

Contact:
Sarah Lazarus
CL- Media Relations
T: 978-369-4478
sarah@cl-media.com

Nancy Paris
New York Life Investment Management
T: 973-394-4410
Nancy_Paris@nylim.com