Simple IRA Fact Sheet

A SIMPLE IRA retirement savings plan can be established by a company that:
Has less than 100 employees
Has no other retirement plan in place
Wants a retirement vehicle allowing employee contributions

SIMPLE IRA SPECIFICS
No set-up costs
No IRS approval or reporting required
No minimum number of participants required
Employee eligibility may be restricted up to two years (employee must be under age 70 and a half)

Plan may be terminated at the end of any calendar year without cost

REQUIRED EMPLOYER CONTRIBUTIONS
Companies must select from one of the following options:
   – Matching contribution: 100% of salary deferred up to 3% of an employee’s
      compensation (match may be reduced to no less than 1% in two out of five years)    
   – Non-elective contribution: 2% contribution for all eligible employees regardless of
      whether they are deferring salary

EMPLOYEE ELIGIBILITY REQUIREMENTS
Employees are eligible if they earn at least $5,000 in any prior two years
Are expected to earn at least $5,000
Employer can set earnings requirements for prior years

MAXIMUM DEFERRAL
Year                          Amount                               
2009                         $11,500

2010                   Indexed for inflation

CATCH-UP CONTRIBUTIONS  (participants age 50 and older)
Year                          Amount                               
2009                          $2,500

2011                 Indexed for inflation

INVESTMENT OPTIONS
MainStay Retirement Funds / MainStay Asset Allocation Funds

PLAN SERVICES FOR PARTICIPANTS
Toll-free telephone access
Online account access
Quarterly statements
Quarterly newsletters

PLAN ENROLLMENT AND EDUCATION MATERIALS
Employee Enrollment Booklet
  – NYLIM SIMPLE IRA Plan Highlights
  – NYLIM SIMPLE IRA Custodial Agreement and Disclosure Statement
  – NYLIM SIMPLE IRA Participant Application and Transfer Form
  – MainStay Funds fact sheets and prospectus

FEES (effective 7/1/2008)
No employer fees
Low cost employee fees
  – $33 annual maintenance fee (assessed quarterly)

  – $25 disbursement fee (applies to all redemptions exept for death, disability or after age 70 and a half

EMPLOYER TAX ADVANTAGES
Any contributions made on behalf of plan participants generally can be deducted from business expenses

Please call 1-800-MAINSTAY (1-800-634-6782) (option 3) for a prospectus. Investors are asked to consider the investment objectives, risks, and charges and expenses of the Investment carefully before investing. The prospectus contains this and other information about the investment company. Please read the prospectus carefully before investing.

New York Life and its affliiates do not render tax, legal or accounting advice.  Please consult your financial professional regarding your own personal circumstances.

1. Source: Economic Growth and Tax Relief Reconciliation Act of 2001, May 26, 2001.

 Securities distributed by NYLIFE Distributors LLC, 196 Lackawanna Avenue, Parsippany, NJ 07054

New York Life Retirement Plan Services is a division of New York Life Investment Management LLC.

RPSFSSIMU-05/08
First Use: 05/08
NYLIM-A01648