New York Life Investments and Reliance Trust Company Introduce New Stable Value Collective Trust for Small Defined Contribution Plans
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The new stable value fund is available through the
The collective trust is valued daily and seeks to preserve principal and offer competitive yields. The stable value fund held by the collective trust is managed by
Through Reliance Trust's network of some 25 clearing brokers, representing approximately 70%[3] of the defined contribution plan market, 401k and government 457 plans can access
"In this long-term, low-interest rate environment, investors are seeking principal protection with yield, as opposed to current near-zero percent rates from money market vehicles. Now, defined contribution plans of all sizes can tap into a stable value offering quite similar to what larger retirement plans can access," said
"We are very gratified to be working with
About New York Life Investments
New York Life Investments ranks among the largest asset management firms in the United States[4]. Through its multiple-boutique investment structure,
About
Reliance Financial Corporation is a privately held,
[1] Source: Moody's Ratings Report as of 7/20/2011.
[2] Source: Fitch Ratings Report as of 6/22/2012.
[3]
[4] Pensions & Investments,
SOURCE New York Life Investments
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