New York Life Retirement Plan Services has broadened its total retirement outsourcing relationship with Roseburg Forest Products Company.
New York Life will now administer Roseburg’s Carpenters Industrial Council Plan, a defined benefit plan in excess of $225 million. The additional plan brings Roseburg’s plan assets with New York Life to over $440 million, with 3,900 defined contribution participants and 9,085 defined benefit participants.
Hank Snow, vice president of human resources at Roseburg, said: We have been with New York Life since 1997, and our experience lent itself to broaden that relationship without hesitation. New York Life is simply the right choice for our whole retirement package.