GEO Specialty Chemicals Taps NYLIM Retirement Plan Services

Business Wire, July 1, 2002

Business Editors

NYLIM Retirement Plan Services, a leading retirement plan provider and consultant, announced today that it has been chosen by GEO Specialty Chemicals to manage two defined contribution plans.

GEO Specialty Chemicals, based in Cleveland, Ohio, has both a traditional 401(k) and a 401(a) money purchase plan worth a total of $19 million. The plans cover 340 participants combined. GEO is a manufacturer of specialty chemicals, with multiple administrative/sales offices in the U.S. and Europe.

"We are very pleased to partner with GEO in managing its defined contribution plans," said Tom Clough, managing director of NYLIM Retirement Plan Services. "It's gratifying to see that our professional capabilities and proprietary technology are among the reasons why GEO chose us," he said.

About NYLIM Retirement Plan Services

NYLIM Retirement Plan Services, a division of New York Life Investment Management LLC (NYLIM), manages more than $8 billion in comprehensive defined contribution, defined benefit and deferred compensation plans as of March 31, 2002. With offices in Norwood, Massachusetts, and Parsippany, New Jersey, NYLIM Retirement Plan Services administers retirement programs for small, medium and large companies, unions, and individuals throughout the United States.

With more than $150 billion in assets under management as of March 31, 2002, NYLIM 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.