Voya Financial surpasses $100 billion in assets across multiple employer solutions
Voya Financial (NYSE: VOYA) has achieved a significant milestone, surpassing $100 billion in assets across various multiple employer solutions. This represents a 15% increase from the previous year, highlighting Voya's strong position in the evolving market for Multiple Employer Plans (MEPs), Pooled Employer Plans (PEPs), and Employer Aggregation Programs.
To support this growth, Voya has created new positions focused on driving engagement with advisors and plan sponsors. The company's Wealth Solutions business has seen notable expansion, with 34% of total employer-sponsored Defined Contribution plans now participating in multiple employer plan solutions. Voya also serves as the recordkeeper for the first 403(b) Pooled Employer Plan following the SECURE Act 2.0 legislation, catering to nonprofit organizations and healthcare entities.
Voya Financial (NYSE: VOYA) ha raggiunto un traguardo significativo, superando 100 miliardi di dollari in attività attraverso varie soluzioni per datori di lavoro multipli. Questo rappresenta un incremento del 15% rispetto all'anno precedente, evidenziando la forte posizione di Voya nel mercato in evoluzione dei Piani per Datori di Lavoro Multipli (MEPs), dei Piani per Datori di Lavoro Accorpati (PEPs) e dei Programmi di Aggregazione per Datori di Lavoro.
Per sostenere questa crescita, Voya ha creato nuove posizioni mirate a promuovere l'engagement con i consulenti e i sponsor dei piani. Il settore Wealth Solutions dell'azienda ha registrato una notevole espansione, con il 34% dei piani di contribuzione definita sponsorizzati dai datori di lavoro che partecipano ora alle soluzioni per piani di datori di lavoro multipli. Voya funge anche da custode records per il primo Piano per Datori di Lavoro Accorpati 403(b) in seguito all'approvazione della legislazione SECURE Act 2.0, rivolgendosi a organizzazioni no profit e enti sanitari.
Voya Financial (NYSE: VOYA) ha logrado un hito significativo, superando los 100 mil millones de dólares en activos a través de diversas soluciones para múltiples empleadores. Esto representa un aumento del 15% respecto al año anterior, destacando la sólida posición de Voya en el mercado en evolución para los Planes de Múltiples Empleadores (MEPs), los Planes Agrupados de Empleadores (PEPs) y los Programas de Agregación de Empleadores.
Para apoyar este crecimiento, Voya ha creado nuevos puestos enfocados en impulsar el compromiso con asesores y patrocinadores de planes. El negocio de Soluciones de Patrimonio de la compañía ha experimentado una notable expansión, con el 34% de los planes de Contribución Definida patrocinados por empleadores que ahora participan en soluciones de planes de múltiples empleadores. Voya también actúa como el administrador de registros para el primer Plan Agrupado de Empleadores 403(b) tras la legislación SECURE Act 2.0, dirigido a organizaciones sin fines de lucro y entidades de salud.
Voya Financial (NYSE: VOYA)는 여러 고용주 솔루션을 통해 1천억 달러 이상의 자산을 초과 달성하며 중대한 이정표를 세웠습니다. 이는 전년 대비 15% 증가한 수치로, 다중 고용주 계획(MEPs), 풀 고용주 계획(PEPs) 및 고용주 집계 프로그램의 변화하는 시장에서 Voya의 강력한 위치를 강조합니다.
이 성장을 지원하기 위해 Voya는 고문 및 계획 스폰서와의 참여를 촉진하는 데 중점을 둔 새로운 직위를 창출했습니다. 회사의 자산 관리 사업 부문은 주목할 만한 확장을 경험했으며, 현재 전체 고용주 후원 정의 기여 계획의 34%가 다중 고용주 계획 솔루션에 참여하고 있습니다. Voya는 SECURE Act 2.0 법률에 따라 최초의 403(b) 풀 고용주 계획의 기록 관리자 역할도 하며 비영리 조직 및 의료 단체에 서비스를 제공합니다.
Voya Financial (NYSE: VOYA) a atteint un jalon important en dépassant 100 milliards de dollars d'actifs à travers diverses solutions pour employeurs multiples. Cela représente une augmentation de 15% par rapport à l'année précédente, soulignant la position forte de Voya sur le marché en évolution des Plans pour Employeurs Multiples (MEPs), des Plans d'Employeurs Groupés (PEPs) et des Programmes d'Agrégation d'Employeurs.
Pour soutenir cette croissance, Voya a créé de nouveaux postes axés sur l'engagement avec les conseillers et les sponsors de plans. Le secteur des Solutions de Patrimoine de l'entreprise a connu une expansion notable, avec 34% des plans de Contribution Définie parrainés par des employeurs qui participent désormais aux solutions de plans pour employeurs multiples. Voya sert également de gestionnaire d'enregistrements pour le premier Plan d'Employeurs Groupés 403(b) suite à la législation SECURE Act 2.0, s'adressant aux organisations à but non lucratif et aux entités de santé.
Voya Financial (NYSE: VOYA) hat einen bedeutenden Meilenstein erreicht, indem es 100 Milliarden Dollar an Vermögenswerten in verschiedenen Lösungen für mehrere Arbeitgeber überschreitet. Dies stellt einen 15%igen Anstieg im Vergleich zum Vorjahr dar und hebt Voyas starke Position im sich wandelnden Markt für Multiple Employer Plans (MEPs), Pooled Employer Plans (PEPs) und Arbeitgeberaggregationsprogramme hervor.
Um dieses Wachstum zu unterstützen, hat Voya neue Stellen geschaffen, die sich darauf konzentrieren, die Zusammenarbeit mit Beratern und Plan-Sponsoren zu fördern. Das Wealth Solutions-Geschäft des Unternehmens hat eine bemerkenswerte Expansion erlebt, wobei 34% der insgesamt von Arbeitgebern unterstützten definierten Beitragspläne jetzt an Lösungen für mehrere Arbeitgeberpläne teilnehmen. Voya fungiert auch als Datenverwalter für den ersten 403(b) Pooled Employer Plan gemäß der SECURE Act 2.0-Gesetzgebung, der sich an gemeinnützige Organisationen und Gesundheitseinrichtungen richtet.
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Growth across broad spectrum of pooled plan solutions underscores Voya’s reach and scale within the evolving market
“Our commitment to the multiple employer plan space is not new and at Voya; we have long recognized the value and benefits that these solutions can offer to help employers of all sizes establish retirement plans that meet the needs of their employees,” said Ginger Brennan, SVP, head of ABA Retirement Funds and Multiple Employer Solutions at Voya Financial. “Voya has the experience and scale and remains well diversified across plan sizes, industries, and tax codes that make us poised for success — both through the products and solutions that we offer today and further capabilities that we are developing. As a result, our growth within the pooled employer plan space continues to be a significant differentiator.”
To support its growth and commitment to the multiple employer plan space, Voya recently announced the addition of newly created positions to support sales growth in this important market segment. These roles, which have been focused on driving growth and engagement with both advisors and plan sponsors, are dedicated to helping facilitate the creation of new solutions and adding adopting employers into existing solutions.
“We see this marketplace continuing to grow, and our experience, breadth and depth make Voya well positioned to continue to capture a large share,” added Brennan. “With these different areas of support in place, we look forward to the opportunities ahead as we continue to focus on executing further on our strategy and supporting retirement plan sponsors and plan advisors in guiding employees to the solutions that will help create greater outcomes for all.”
Voya’s growth across the abundance of multiple employer arrangements has been driven by flexible programs designed to provide optimal support for clients of all sizes. As a result, Voya has experienced significant growth specifically within its Wealth Solutions business, with
Last year, Voya also announced it is serving as the recordkeeper for first 403(b) Pooled Employer Plan following the SECURE Act 2.0 legislation. The PEP is designed to provide a pooled plan option for IRS-designated 501(c)(3) nonprofit organizations and health care related entities, expanding retirement plan access for employees in these industries.
Voya remains uniquely positioned in the market to serve retirement plans of all sizes and across all segments. As an industry leader focused on the delivery of benefits, savings and investment solutions to and through the workplace, Voya is committed to delivering on its mission to make a secure financial future possible for all — one person, one family, one institution at a time.
1.-3. Voya internal data as of June 30, 2024.
About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA), is a leading health, wealth and investment company with approximately 9,000 employees who are focused on achieving Voya’s aspirational vision: “Clearing your path to financial confidence and a more fulfilling life.” Through products, solutions and technologies, Voya helps its 15.2 million individual, workplace and institutional clients become well planned, well invested and well protected. Benefitfocus, a Voya company and a leading benefits administration provider, extends the reach of Voya’s workplace benefits and savings offerings by engaging directly with over 12 million employees in the
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240820403789/en/
Media:
Olivia Valente
Voya Financial
(203) 528-5284
Olivia.Valente@voya.com
Source: Voya Financial, Inc.
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